Author: ovieoftoronto

Fears of a new Great Depression have been real since the collapse of Lehman Brothers a year ago, but those fears are beginning to fade as the global economy is pulled out of the depths of recession with the help of massive government intervention. Things haven’t really gotten that dire, and economic forecasters believe the economy is already growing again after what may be the worst recession on record since the Great Depression of 1929-1933, but it’s nowhere near the second-worst. Cross-border trade between countries is showing renewed vigor, regular business surveys have suggested a stabilization since March, sparking a…