Our great economists and commentators advocate more of the same failed and discredited policy. QE not working to inspire growth? (Strange that printing more money simply devalues everyone's existing pile and destroys, rather than creates, wealth.) If it doesn't work, well, the beatings will continue until morale improves. And we have reached an eerie impasse. A synchronised global economic slowdown points to more monetary madness ahead. Markets are temporarily at ease but will not be fooled forever. During this temporary period of calm, only Imelda Marcos during an earthquake can have waited for more shoes to drop.

David Fuller's view Near the beginning of his letter Tim Price mentions Viktor Frankl's memorable book: Man's Search For Meaning, described as "the classic tribute to hope from the Holocaust." It is certainly one of the most profound books that I have read.