It is possible to think that at times this blog might err on the side of pessimism.
If this is really what you want Money Markets can be much scarier talking about 2014 being the first year of the New Dark Age.
On the other hand in Project Syndicate, Ashoka Mody is almost an incurable optimist but perhaps an impossible idealist, He suggests:
More public investment is twice blessed. It can shake the world out of its stupor; and it can safeguard against “secular stagnation.”
The US, Germany, the United Kingdom, France, and China should act together to provide that boost. Otherwise, a sustainable global recovery may remain elusive, in which case 2014 could end in low gear as well.
The snag is that there are some big players absent from this feast who could upset the table. But those at the feast seem to number vegans, vegetarians, carnivores and some with allergy problems,
At present our leaders argue that the smart money is on optimism, so long as it allows for inflation, deflation, peace and progress.