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Seven More Years of Hard Times?

It is not true that if you break a mirror, you will have seven years’ bad luck. But if you allow a financial market to spin wildly until it breaks down, it really does seem - based on historical patterns - that you run the risk of years of economic malaise.

NEW HAVEN – Much of the talk emerging from the August 2010 Jackson Hole Economic Symposium, attended by many of the world’s central bankers and economists, has been about a paper presented there that gave a dire long-runassessment of the future of the world’s economies.

https://prosyn.org/uL6YTcO