By Benjamin J. Butler
Whilst I am here in the land of Eat, Pray, Love for some down time before my wife gives birth to our first child, it’s not easy to relax with everything going on in the world at the moment – and in a week when one of my favorite economists, Dr. Nouriel Roubini, writes: “So the global economy is flying on a single engine, the pilots must navigate menacing storm clouds, and fights are breaking out among the passengers. If only there were emergency crews on the ground.”
In a quick around-the-world analysis, Dr. Roubini recently highlighted that Europe is struggling, three of the BRICs are heading towards recession, China is in the midst of a structural slowdown (even if it avoids a harder landing), and Japan has failed to find escape velocity. The only real engine is the Anglosphere (US and UK), and the question is “how ... Log in or subscribe to continue reading.