The preoccupation with all of the things that could possibly go wrong has been a persistent characteristic of this economic recovery. It was termed recession porn in 2009. It has been a focus of websites, pundits and, of course, goldbugs. When an economist picks up the nickname “Dr. Doom,” it suggests an obsession with the negative.
Recession porn was perhaps best parodied in the following tweet:
zerohedge once again pissed that asteroid avoided colliding with earth. $SPY
— Urban Carmel (@ukarlewitz) September 15, 2010
It was a wry reference to the Armageddon cheerleading that would make gold, canned goods and any small-weapons caches much more valuable.
Simon Cox, Asia Pacific investment strategist at BNY Mellon Investment Management, looks at the global economy and asks a verydifferent question: What if everything started to go right in the world economy . . . ?
Continues here: What Might Go Right in the Economy