Another year of living dangerously

The next few weeks will reveal a lot about whether those appointed to restore economic stability can start getting a grip

This time last year, we were worried about an economic slowdown and what appeared to be a somewhat threatening credit crunch. In the past few months, concern has turned to fear. All our perceptions have been turned upside down amid plunging economies, nationalised banks and talk of all kinds of economic calamities.

Perhaps the only reassurance is that no forecaster predicted the scale of what was going to happen, so there is no particular reason...

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