The end is nigh

Over here Ed Balls tells us, more or less, that this is the worst recession since dinosaurs roamed the primordial swamps. Meanwhile President Barack Obama declared last week that “if we don’t act immediately, our nation will sink into a crisis that at some point we may be unable to reverse”. As The Economist commented, with some alarm: “The notion that [America] might never recover was previously entertained only by bearded survivalists stockpiling beans and ammunition in remote log cabins.” Hope. Change. Hope.