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Wednesday, June 10, 2009 at 2:10 AM
2:10AM

Why it will take time for the global economy to recover, and why the current structural imbalance will change

DateWednesday, June 10, 2009 at 2:10AM

FINANCE AND ECONOMICS: "American consumers: Off their trolleys; Consumer spending may have hit bottom, but America's mountain of debt means the climb back will be slow and painful," The Economist, 9 May 2009.

Most interesting chart I've seen in a while: direct mail credit-card solicitations drops from around 2bn in 2007 to about half a billion in 2009.

AuthorThomas P.M. Barnett Comment1 Comment |
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Reader Comments (1)

Another creative destruction (transformation) sign? By the way, who are the good bad guys behind the creative destruction?
June 10, 2009 | Unregistered CommenterLouis Heberlein

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