Economic Insights – September 2011

The global economy has remained weak throughout 2011.  As we’ve discussed previously, this weakness is primarily due to a high level of uncertainty, which has made consumers and managers increasingly risk-averse. Over the past few months, a great deal of this uncertainty has been driven by financial problems in Europe.  A growing number of analysts are drawing parallels between today’s European debt problems and the sub-prime crisis of 2008.  And, there are clearly similarities between the two situations. Those similarities reflect the role that government has played in both. For example, j.....