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IF breaking up is hard to do, explaining why you want to take a breather comes a close second. Unless confident it’s time for something new, the temptation to equivocate is considerable.
Turning points are notoriously tough to call. We shouldn’t let that obscure the recent good news for the global economy.
The new year has been rung in by a buildup of recession chatter. From Washington to Singapore, anxiety about a downturn is intensifying. While there are good reasons to be dour about the prospects for the global economy, 2023 doesn't have to be a write-off. It could even turn out relatively well, given the prevailing pessimism.
Who is afraid of the coming halt to interest-rate hikes? Far from breathing a sigh of relief, central bankers will struggle to convey that this is a good thing. They may almost not believe it themselves.
The blame game plagues our nation's electricity crisis. And the lack of electrical power seems to be fuelling a lack of political power.