Tuesday, April 3, 2012
Is the Wimpy Recovery Morphing into a Recession? Read more: http://is the wimpy recovery now morphing into a recession
I find myself consoled (oddly) by a speech Larry Summers gave last year at an INET conference in Bretton Woods, where he noted that all the big macroeconomic vectors in play, from the growth and political future of China to technology-related job creation and destruction to the commodities bubble, are so complex and so intertwined that it’s hard to predict exactly where the U.S. and global economies are headed. Fingers crossed, it isn’t toward another double dip.