...the knife-edge psychology currently governing global markets has put the future of the U.S. economic recovery in the hands of politicians in an assortment of European capitals. If one or more fail to make the expected progress on cutting budgets, restructuring economies or boosting growth, it could drain confidence in a broad and unsettling way. Credit markets worldwide could lock up and throw the global economy back into recession.Washington Post authors Neil Irwin, a writer at the Post since 2000, and Howard Schneider, the founding dean of the Stonybrook School of Journalism, have a thousand additional words of despair and uncertainty for you to peruse and ponder.
Not Encouraging
