CONTOURS: Whither Goest Thou, Green Economy: Part 2

2011-09-19T13:12:29-04:00

There is an unofficial index in The Economist which they call the “R-word index.” It tracks the number of times the word “Recession” appears in the press. It is on the increase, and no wonder, with unemployment in the U.S. still hovering at around 9-10% (depending upon whose numbers one follows), and with growth flat and the Fed promising not to raise interest rates until mid-2013. Meanwhile, the Eurozone has continued to falter over what to do about the drag that the so-called “PIIGS” (Portugal, Italy, Ireland, Greece, and Spain) continue to wreak on the Euro and what to do about it. Japan is not faring much better. In fact, most developed nations have had a very rough time of it over the past few years, and it looks as if the trend may continue.

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CONTOURS: Whither Goest Thou, Green Economy: Part 2