Morning Reads

A few items worth perusing:

Paul Volcker: The Lion Lets Loose (BusinessWeek)

• A Japanese Rx for the West: Keep Spending AN INTERVIEW WITH RICHARD KOO (Barron’s) America seems to be suffering from the same affliction that has hobbled Japan for so long — a balance-sheet recession.” And no matter how hard the Federal Reserve tries, it won’t end until businesses shake their heavy loads

China Property Bubble May Lead to U.S.-Style Real Estate Slump (Bloomberg)

Aughts were a lost decade for U.S. economy, workers (Washington Post)

NYC tourism down in 2009 but growth seen in 2010 (Reuters)

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