peHUB First Read

* Scott Sumner: Why supply and demand is so confusing. * John Doerr and Jeff Immelt pen a WaPo op-ed, to say that the U.S. has ceded the cleantech lead to China. * Morning Call: U.S. futures point higher, London rises early, European shares hit new 2009 highs, the Nikkei flattens and Hong Kong gains 1.14%. * NY Magazine: How Steve Rattner lost control. * Sovereign wealth funds might be ready to dive back into Western waters. * VentureDig lists its Top 75 VC blogs (peHUB is at #2... just need to topple Fred Wilson). * France's JCDecaux SA expresses interest in buying Clear Channel's outdoor advertising unit. Would Clear Channel's PE backers consider selling? On the one hand, it could be some fast liquidity for a difficult deal. On the other, Bain and THL Partners based their