Recovery or Deflation, and New Financial Crises?

Not only the global crisis persists, it seems far from over. The global economic power has again sounded the fanfare announcing the recovery of the world economy. This is the second time it does. The first time was in 2009 when, thanks to costly bailout programs implemented by central banks and governments, was achieved a relative stability of financial markets. However, on that occasion the European crisis stopped this uncanny triumphalism. Now and again, optimism lies in the recovery of the...