Just how bad are things economically?
“A year ago, it was assumed 2011 would see life return to normal. Europe would sort out its little local difficulties, China and India would power along, and Barack Obama would use a resurgent US economy as the springboard for his re-election campaign. …
Instead, 2011 ends with the euro fighting for its life, Britain weighing up what life might be like outside the EU, China fending off a hard landing, America in political gridlock and unemployment globally above 200 million and rising. Apart from that, everything’s going swimmingly.”
This is quote from an opinion column by Larry Elliott in today’s “Guardian” newspaper. I’ll wish you a Merry Christmas but it would probably be a forlorn hope to wish you a Prosperous New Year. But, heh, money can’t buy happiness.