You are now on the way to recovery.

If that can be accomplished, the world will have taken a major step toward a relatively smooth, effective, and equitable global economic recovery.

Or, if these deficits are monetized, high inflation may force up long term interest rates and again choke off economic recovery.

Fortunately, despite a hobbled recovery in the developed world, emerging markets in Asia, Latin America, and the Middle East have enormous latent growth potential.

Less juice, which means keeping herself or himself less physically fit, physically active to hasten the recovery process, which is what is often advocated. You probably wouldn't do that.

Further procrastination on interest rate normalization by the ECB could well lead to a nasty bout of inflation. This would be disastrous for Europe s economic recovery, as the ECB would have no choice but to slam down hard on the monetary brakes.

This would be disastrous for Europe s economic recovery, as the ECB would have no choice but to slam down hard on the monetary brakes.

The act of shaving their heads will also aid in creating public awareness on breast cancer, demonstrating that hair loss is just a temporary setback on the road to recovery for patients.

Hence, the US current account deficit cannot be addressed without dealing with related problems first, the lack of a proper international reserve currency arrangement, and, second, the perceived need of emerging market economies with liberalized capital accounts to accumulate reserves for protection against volatile capital flows. These issues can be addressed only through systemic reform over the medium term, while the recovery effort should remain the global priority in the near term.

Exports initially did not constitute a path to recovery because the deutsche mark was overvalued, and some manufacturing capacity had been lost during the unification boom.

These issues can be addressed only through systemic reform over the medium term, while the recovery effort should remain the global priority in the near term.

The virtual abandonment of recovery efforts in most developed economies presumes that stronger Asian economic growth outside Japan can lift the world economy from its current trajectory.

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Moreover, the shift from recovery efforts to fiscal consolidation and, more recently, to current account rebalancing, has undermined the initial G 20 led coordinated recovery efforts.

Indeed, the logic of fiscal consolidation requires those economies that have recovered strongly to phase out their recovery efforts, while those that have not continue such efforts.

Today, Asia's emerging markets are on the road to recovery, China is not devaluing its currency (and nobody now really expects it to), and Brazil has become the capital market's new best friend.

And I always felt that if my patient gave up the quest for the magic doctor, the magic treatment and began with me on a course towards wellness, it was because I had earned the right to tell them these things by virtue of the examination.

Better a 50 basis point increase now thereby allowing the economic recovery to continue by keeping inflation in check than triple or quadruple that figure down the road.

If I, with the bleakness of spirit, with no spirit, that I had in the 1970s and no possibility of recovery, as far as that group of very experienced psychiatrists thought, if I can find my way back from this, believe me, anybody can find their way back from any adversity that exists in their lives.