Why the US interest rates hike will be good news for Irish exporters
The 21st century has been of two halves economically. Before the western world's financial mega bubble burst in 2007-08, things were much as they had been for decades - decent if unspectacular rates of growth in most countries, near continuous increases in the numbers at work and, when recessions struck, they were short and shallow.
Then came the Great Recession. The developed world has not returned to its past normality, nor even found a new normal.
Two big things illustrated that this week - employment in Europe and interest rates in America.