"Two roads diverged in a yellow wood ..."
So begins the autobiographical and enlightening poem, The Road Not Taken, by Robert Frost.
This poem, while intended by Frost as a mocking of indecision, has been interpreted much more seriously over the years. An advance copy was sent by Frost to his good friend Edward Thomas, intended to mock Thomas' wavering nature. Thomas himself took the poem very seriously, as it supposedly guided his decision to enlist in World War I, a decision that would ultimately seal his fate.
The first line of this poem came to mind as I thought about the state of the US and European economies. At the moment, the paths of the US and European economies may represent the two proverbial diverging roads; the US maintaining course towards recovery while Europe continues to slow and ease into recession.
Central Bankers are in the drivers seats of their respective economies. As individual ... Log in or subscribe to continue reading.