Recovery, what recovery?

If you think the global economy is improving, take off your pinstripes, put on a pair of jeans and a T-shirt, go for a drive in the US and have a look around.

If you think the economic downturn is over, pick a state in the US and go for a drive. Last week, I drove across Florida, from St Petersburg beach on the west coast to Cape Canaveral on the east coast. Along the way, the highways were dotted with vacant strip-malls, and towns where houses that didn't have a for sale sign in their front yard were the exception, not the norm. Pawn shops and yard sales proliferated.

When a woman...

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