Industry NewsMarkets & Economy

Economy is still in the ICU

Commentary: No speedy recovery -- especially in this election year
Published on Mar 2, 2012

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by CareyBot

In the early 1970s we used to say to each other, especially when embarking on a questionable adventure, "When the going gets weird, the weird get going!"

Get going out there.

The dominant economic and financial commentary has us in strengthening recovery, and a serious minority says we are near new recession. Both are correct and mistaken. Begin at the very beginning, circa 1990, when the entrance of China into global markets began to undercut Western wages.

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