What to do when doomsayers predict a rough global 2012
If 2012 is the year in which the world will end, 2011 was the year in which the world prepared to end. We heard that the euro zone break up may take Europe back to the fall of the Roman empire. That the sins of bowing to Wall Street will make the US implode. That the Chinese ghost cities will haunt the world. That the loonies will take over from pro-democracy Arab Spring leaders. And India will be stalling rather than rising. It’s different this time, we heard. At no other time have odds looked so stacked against the world. It’s different this time.