Editor's Notebook
Urban C. Lehner Editor Emeritus
Fri Dec 2, 2011 06:20 AM CST

Markets gallop, politics barely trots. Markets demand answers now; politics stumbles and gropes toward answers, speech by speech, negotiation by negotiation. It's as if markets' clock's second hand races at twice normal speed while politics' lumbers at half normal.

This lack of synchronization with politics lies behind markets' sickening skittishness. With each wire-service headline markets lurch from despair to hope to despair. They want the Euro zone to deal with its sovereign debt crisis; want America to right its finances; want China to rebalance its economy. Alas, the political decisions to satisfy these wants have been slow to come.

It's ...

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