“The economists didn’t just single out the U.S. for criticism; 70% of participants said the response of governments around the world to the global recession has been inadequate. “The Europeans or Japanese don’t seem to be doing near enough to kickstart their economies,” said Nariman Behravesh of IHS Global Insight. “It could be we’ve done all the right things, but the rest of the world goes down the tubes.” (WSJ)
Even as the numbers rise, the numbers fall. As the numbers fall, so the numbers rise. On one side, too little is being done. On another, too much. Between all of them, I sense a fog disappearing, a growing perversity—as if, secretly, this was starting to look more like an opportunity than a disaster. Continue reading