'Real Rebound' in World Economy: Barclays' CEO

CNBC ^ | February 29, 2012 | Margo D. Beller Special to CNBC.com

[lbryce]

Once again the world economy has proved the naysayers wrong and there's been a "real rebound" so far this year, Barclays CEO Robert Diamond told CNBC Wednesday.

"One of the lessons we’ve learned in the last couple of years is every time it’s doom and gloom ... the economy is far more resilient," he said. "We see China at 8 percent to 9 percent growth, and reduction in unemployment [cnbc explains] in the U.S. So we’ve seen a real rebound."

That even extends to Europe, which was stabilized by the European Central Bank's [cnbc explains] second liquidity injection. President Mario Draghi "has made an impact," Diamond said. "Many of us underestimated the impact" of the long-term refining operations, or LTRO.

In addition, the feared economic collapse of Germany did not happen, he said, and the governments in Portugal, Ireland and Italy are more focused on austerity.

"Virtually every piece of data we've seen has been better than expected," Diamond said.

[lbryce]

When historians looks back to lionize the very moment the flagging world economy re-emerged to ignite the new global economic world order, they will point to this article as catalyst for the remarkable economic turnaround based on the following factors;
1. It was reported by CNBC.com
2. The article was Special to CNBC.com
3. The word, "Real" was added to the article title and now reads as "Real Rebound" in World Economy.

[WellyP]

All the data I look at appears to be “pimped”!

[lbryce]

Barclay says the added “Real” in tomorrow’s March 1, “Real, Real Rebound in World Economy” edition has 50% greater Real Rebound factor.

[eaglesiniowa]

Whatever this moron is smoking, we need to pass it around. No fair these guys having to suspend reality to themselves.

[HangnJudge]

From the FRED

And a personal project...
Incremental ROI on injected capital year over year smoothed
Value <1 indicates Negative ROI for Injected Capital

[ClearCase_guy]

Whoo-Hoo! I’ve selling all my gold and investing in Greek Bonds!! The sky’s the limit!!

[SueRae]

Here here. Watch what they do, not what they say. Volume has been pitiful.

[WellyP]

http://deadmalls.com/updates.html

[cherry]

things may be fantastic for those on the govt teat...including the big bankers and all the bailed out people....

but every single govt entity is under huge pressure because of the pensions, and that problem is not going away...

we're not paying doctors or hospitals what it costs them to serve us...

something has to give...

so its either inflation or deflation and for sure, the working classes will take the brunt....

[SunkenCiv]

Thanks lbryce.

'The Consolation of Blogging: The European Union -- a State of hopeful confusion'

[RetiredTexasVet]

All the data I look at appears to be “pimped”!

Couldn’t have said it better. Reminds me of back in late 2006 -2007 when the stock market was hovering near 15,000 and there was nothing to support it except pimped data by the pimping experts. Then in early 2008, the market corrected for the pimping and did a pimp correction.

[J Aguilar]

LOFL

Spain is supported by the European Central Bank’s printing machines. The tax hike, as expected, is making the economy to contract sharply.

[tdscpa]

obama time-line:

2-29-2012 Recognized acquisition of control of huge London Bank (Barclays), purchased with the proceeds of the funds acquired by the rape of the American taxpayer for the “bailout” of AIG.

[piasa]

obama time-line:
2-29-2012 Recognized acquisition of control of huge London Bank (Barclays), purchased with the proceeds of the funds acquired by the rape of the American taxpayer for the “bailout” of AIG.

Barclay's Millions Help To Prop Up Mugabe (Zimbabwe) Saturday, January 27, 2007 8:52:12 PM · by blam · 9 replies The Guardian (UK) ^ | 1-28-2007 | Antony Barett - Christopher Thompson http://observer.guardian.co.uk/world/story/0,,2000349,00.html