The Twilight of Investment
One of the more intriguing features of the current economic debacle is the way that remedies that have often worked in the past have failed so thoroughly this time around. Another is the way that remedies that have failed every time they have been tried in the past have failed this time, too. Behind the inability of central bankers to deal effectively with the crumbling of the global economy, though, stands a major shift in the shape of economic activity — one that promises to leave few aspects of modern economic life untouched.


