‘Toon of the Day: “Less Doom, But No Boom”

Nice ‘toon from the Economist.  They do a good job in the caption/story in summing up the current global macro environment.   Here’s the money quote,

After so much gloom, it is hardly surprising that the world’s animal spirits are beginning to leap again. Yet there are good reasons to be wary of all the optimism. Global growth, dragged down by less ebullient emerging economies as well as recession in Europe, is still likely to be slower this year than it was in 2011..

And there are still big risks out there. Too often since the 2008 financial crisis investors’ hopes for strong and lasting growth have been dashed—whether by bad luck (soaring oil prices), bad policy (too much budget austerity too fast) or the painful realisation that recoveries after asset busts are generally weak and fragile. If tensions with Iran over its nuclear programme spike, for instance, an oil-supply shock could once more cause havoc. Much could yet go wrong.

And here’ ours:   The ides of March have come”…”Ay, Caesar; but not gone.

(click here if cartoon is not observable)

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