Is There a Step Backwards?

If we were looking for signs that there was a step backwards, i'd be looking for a complete breakdown in trade. That would be a biggy. I think we did see that before the first world war. All it took was one bad crop and the u k Would go into recession. Look at stability now, and it's a hell of a lot tter. And if you look at things like inflation, much better controlled now that it's not politicians who decide monetary policy. So i think it's fair to say there are all these concerns which could blow us off course temporarily, and hopefully not permanently.