The healthy trade figures mask a much gloomier picture.
But persistent over-capacity sets the stage for a gloomier prognosis: bargain-priced goods, squeezed profit margins and more unemployment.
Now covered with dust, and untouched since the death of Osip Alexyevitch, the room was gloomier than ever.
It is difficult for someone to just pack up and move over from New York or London, where the market remains much gloomier.
The impasse over the debt ceiling has yet to affect the bond markets: yields on government debt have actually dropped as the economic outlook has turned gloomier.
The latest small business Economic Trends Survey, published by the National Federation of Independent business on August 11th, found that small-business owners became even gloomier in July.
