One of my favorite classic scenes in the movie Moonstruck is when Loretta (Cher) says to Ronny (Nicolas Cage), "Snap out of it!" (view clip here -- it's toward the end -- nice diversion). Well that scene plays in my head when I say to all the folks who are reporting bad news about global trade:"Snap out of it!" Global trade isn't going away any time soon.
In the meantime and if you are a glutton for punishment, read more downer news at the NYTimes.com, "Trade and Hard Times."
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