ECONOMIC MUSCLE BUILDING: Larry Kudlow writes:
Not one in a thousand media commentators recognize that the big-bang bond sell-off in the United States is actually an international phenomenon, one that signifies the potential for an economic growth recovery throughout the world.
If that recovery happens (at least in the US), John Hawkins writes, “Bush is going to be extraordinarily difficult to unseat.”
UPDATE (Monday 8/18/03): The Washington Post reports, “Dow at 14-Month High; Nasdaq Up 2 Pct”.
ANOTHER UPDATE: “Somebody please take away Tom Daschle’s belt & shoe laces“.