A Midas Touch Dims

2017-05-31T20:26:41-04:00August 10th, 2002|Economics (General), General Topics, New Economics|

There’s a whiff of desperation in the air. By this point in the world’s business cycle, the American economy that powerhouse of global capitalism – was supposed to be rebounding sharply, and stock markets everywhere were again going to be making everyone rich. Instead, things have gone haywire: the US may be tipping into another recession; four years of growth has evaporated from North American markets; and economies around the world are in trouble.

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