Economic Insights – May 2011

The year 2011 is turning out to be one of the most turbulent in recent memory.  From serial revolutions shaking the Muslim world, to a string of natural disasters impacting rich and poor countries alike, to the paradigm-shifting battle between “Keynesian socialists” and “Hayek-Friedman free marketers” in the United States, wrenching change is coming from every side. 

For business professionals and investors, the biggest story of May 2011 promises to be the battle over the ceiling set on the U.S. Federal debt and the related “default scenario&rdq.....