June 17, 2009

The world needs to reach a sustainable bottom.

Martin Wolf sums it up very well when he ends “How today’s global recession tracks the great depression” with “The race to full recovery is likely to be long hard and uncertain” June 17. To this I would just add that the length of that recovery will depend a lot on those who by panicking impede the world economy from regaining a strong foothold from where it can work itself up.