A Midas Touch Dims
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.