So we’ve reached another end of the year. Personally its been a good year, for one the world didn’t end on the 21st of December. It also has hasn’t ended because of the Fiscal Cliff nor any other misandventure. As we enter the fifth, yes 5th, year of GFC, its become apparent that the GFC as horrid as it is will also not end the world. After a brief, in terms of economic history, flirt with free market economics. Most have returned to the sound basics of Keynesian principles. What will 2013 hold? I dare to suggest the R word, that is Recovery. If the last 4 years have thought policy-makers it would be how to exaust their abilities for little reward. That said however, I am optimistic that in 2012 we have turned the corner. Bring on 2013!

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