Great Depression II averted?

image Kevin H. O’Rourke of Trinity College, Dublin and Barry Eichengreen of Berkely, California have updated their running score – “A Tale of Two Depressions”. Encouragingly the global economy is showing some signs of recovery, but more importantly what we’re not seeing is a 1930-31 style collapse.

No bio, some books worth reading – The Rational Optimist: How Prosperity Evolves – Matt Ridley .

Crisis Economics: A Crash Course in the Future of Finance -Nouriel Roubini, Stephen Mihm