The developed world is slowly emerging from the Great Recession, but a question lingers: How fast and how far will the recovery go? One big source of pessimism has been the idea that we are running out of investment opportunities – and have been since before the 2008 crash.
via Project Syndicate RSS-Feed http://www.project-syndicate.org/commentary/robert-skidelsky-questions-whether-larry-summers-s–secular-stagnation–thesis-has-taken-adequate-account-of-the-rise-of-shale-energy-in-the-us
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