Saturday, February 6, 2016

Is the World Economy Toast?

"There's a scene in the film adaptation of Annie Proulx's Pulitzer Prize-winning novel "The Shipping News": An old newshound explains to newbie journalist Kevin Spacey how dark clouds on the horizon justify the hyperbolic headline "Imminent Storm Threatens Village."
"But what if no storm comes?" Spacey asks. The veteran replies with a second-day headline: "Village Spared From Deadly Storm." Unfortunately, having survived the storm fanned by subprime mortgages and the credit crisis, the clouds are gathering again over the global village we live in; they are getting darker every day."

The Shipping News Says the World Economy Is Toast

 HT: https://theartsmechanical.wordpress.com/2016/02/05/a-shipping-update/

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