Martin Wolf is associate editor and chief economics commentator at the Financial Times, London. In the FT (January 6th, 2008 edition), he says:
« Choices made in 2009 will shape the globe’s destiny.
Welcome to 2009. This is a year in which the fate of the world economy will be determined, maybe for generations. Some entertain hopes that we can restore the globally unbalanced economic growth of the middle years of this decade. They are wrong. Our choice is only over what will replace it. It is between a better balanced world economy and disintegration.
That choice cannot be postponed. It must be made this year. »
Finally, some reasonable thoughts…