Add Kim Jong-Il to the year's already substantial fallen dictator list. Take your news from Mark Carney, governor of the Bank of Canada, or from Mayan temple walls. Look at the Arab Spring and the Occupy movement or the demise of Durban and Kyoto. These all point to a similar outlook for the year ahead: we are at the end of an era.
But, hey, whether we like it or not, it's at the end of things that what comes next is birthed. But first the hard labour.
Choosing Bank of Canada language, this is "the end of the 'debt super-cycle.'"