WHAT PASSES FOR RESEARCH THESE DAYS
Somebody sent us a piece of research late last week that apparently calls into question everything from the deleveraging cycle, to the ongoing crisis in real estate, to double dip risks, to deflation.  This was yet another in a long list of published reports laying claim that private sector employment is actually running at a faster rate now than it was coming out of the 2001 recession.  As if.  Pretty heady stuff, nonetheless (we spent at least an hour shaking our heads; that much is for sure).