The world economy is recovering from the Great Recession. But many risks lie ahead. Ongoing defaults on US mortgages will impede the housing correction and there will be further US banking failures over commercial real estate woes. Government policy is supposed to stabilize economies but is now a source of risk. What shape with new banking regulation take? Will monetary authorities withdraw stimulus at the right time so as to not undermine the recovery but not let inflation pressures build? Will large government deficits linger? Don Drummond will discuss the most likely path of economies through these troubled waters and will address the implications for investors.