Thinking the unthinkable…profiting from a vacuum in the news stream.Millions of causalities in the war between inflation and deflation, but no clear winner…emerging markets are now using more oil than the United States. Sad news from Zimbabwe…an updated version of The Demise of the Dollar and more!

Just how deep and how long will America’s recession be? This is the question raised in today’s Financial Times.

Will it be a V-shaped recession – short, shallow and followed by a rapid return to normal rates of growth? Will it be U-shaped, in which the initial downturn is followed by a protracted period of weak growth and a slow return to the trend rate? Or could it even be an L-shaped recession – with economic weakness lasting for many years, as in the US during the Great Depression or Japan in the 1990s?