What Globally Synchronized Growth?

There is a meaningful difference between positive numbers and growth. There is no difference between lackluster, low-level plus signs and lackluster, low-level minuses.

Swinging back and forth between them over the period of several years would drive any population to seek alternatives. Doing so especially where the upturns are every single time characterized as the big one simply demonstrates nobody has any real answers. It’s the same fingers crossed strategy that has been implicit from the day Ben Bernanke told Congress subprime was contained. Almost eleven years later, it still isn’t.