Global Recession and Negative Interest Rates
SYRACUSE, Sicily – “When in doubt, go to Italy” is the saying. We are always in doubt. What better place to go? Today, a warning about why a global recession is now likely. But first, an update on Sicily… where we’ve spent the last few days exploring. Sicily is not exactly Italy. It sits in the middle of the Mediterranean, where every sleepy sailor or ambitious empire builder was bound to wash up. The Phoenicians, Greeks, Carthaginians, Romans, Byzantines, Arabs, Normans, Spanish, and French – all tried their hands at ruling Sicily. The Italians are only the most recent of … Continue reading →