Nissan, Ford Motor and Honda Motor are running their Chinese factories at full capacity, with overtime and weekend shifts, and still can’t deliver enough cars.


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Explaining the depth of the US recession is a challenge for just about any macroeconomist. There is no well-established theory that can explain how America got to 10% unemployment.

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Most rich countries have seen a huge rise in debt over the past decade. Britain and Spain are the most extreme, with an increase in their total-debt ratios of more than 150 percentage points apiece, to 465% and 365% respectively.

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