The Center for Economic Stability Incorporated was first formed in March 2010, with the initial aim of supporting the Keen Walk to Kosciuszko (which took place in April 2010). That venture was extremely successful, but it took place at a time when–certainly in Australia–there was optimism that the economic and financial crisis that began in 2007/08 was over.
One year later, that optimism is evaporating around the world, in the face of persistent bad news. Economic growth in America, Europe and Australia is anemic, unemployment is rising, and stock markets have gone from a sustained rally back into near Bear Market territory.