Maybe the Economy Is Just Tired and Overstimulated and Needs a Nice Mug of Warm Milk to Calm It Down

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Despite a small bump yesterday after the announcement of Obama's housing initiative, the markets are on the slide again, tugged by depressing job news and the declining financial sector. "Another day, another initiative. This is how it sometimes feels, and it is perhaps no surprise that markets are becoming a bit exhausted at trying to discern the impact of whatever the latest announcement, policy or program might be." —Daragh Maher, an analyst at Calyon Crédit Agricole, to the Times today. [AP via NYT]