Business Week‘s Michael Mandel has this to say about the economy’s apparent resilience: [W]e now may be in a world of mini-recessions–sharp falls in one or two sectors which do not pull down the whole economy. Think about the different parts of the economy as being connected by springs (or slinkys, if you want). A [...]

Lex Hoogduin, chief economist for the big Dutch money manager Robeco (and columnist for Het Financieele Dagblad) stopped by this morning. Among the things he said was that when he makes a presentation in the U.S., he usually gets questions that seem aimed making him come out with a sunnier forecast than he really means [...]