There is slow growth but it is positive slow growth. At the same time ratios of debt-to-incomes go down. That's a beautiful deleveraging.

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All of Koons's best art - the encased vacuum cleaners the stainless-steel Rabbit (the late-twentieth century's signature work of Simulationist sculpture) the amazing gleaming Balloon Dog and the cast-iron re-creation of a Civil War mortar exhibited last month at the Armory - has simultaneously flaunted extreme realism idealism and fantasy.