Posted on 01/27/2013 10:29:23 AM PST by blam
IT'S OFFICIAL: The World's Elites Declares The Global Economic Crisis To Be Over
Joe Weisenthal
January 27, 2013
We've been saying for awhile that the age of crisis was coming to an end, but the world's elites have finally made it official.
The economic crisis is over.
From Peter Coy and BusinessWeek:
The hive mind of Davos has concluded that the financial crisis is done, finished. The new worry: a bubble in the credit markets.
There is no official declaration, or even a formal survey. But the chatter at the World Economic Forum in Davos, Switzerland, is about the end of the financial crisis that began in 2008 and dragged on through last summer’s spike in Spanish and Italian government bond yields. “There’s a crystallization of thought that the financial crisis is over,” says Scott Minerd, managing partner and chief investment officer of Guggenheim Partners, a Santa Monica (Calif.) firm with about $160 billion under management.
And here's Iam Bremmer writing at The Huffington Post:
So why has Davos decided to look on the bright side? I'd sum it up as follows:
There's a sense that the world economy has turned the corner, and after four years, the financial crisis is finally behind us. Not only are people much more attuned to the new environment of risks, but also, there is a sense that the downsides are nearing their limits. Sure, the eurozone is suffering through record unemployment and a bleak economic environment--but defaults or a eurozone breakup didn't pan out. A double-dip recession in the U.S. never materialized. The threats are still disparate and uncertain, of course, but it feels like the cataclysmic possibilities are off the table for the time being.
The mood at Davos echoes what we're hearing from non-Alpine pundits, like Mohamed El-Erian
(snip)
(Excerpt) Read more at businessinsider.com ...
The NEW normal.
Denial, Panic And Doubt In Davos
"The message this year is that the improvement in sentiment seen in 2011 and 2012 has stalled. As far as business confidence is concerned there is a global double-dip recession."
Yep, they sipped the last of the $300 a bottle wine, ate the last bit of fresh lobster flown in from Alaska, and toasted everyone from Babe Ruth to Hulk Hogan. It’s done, and we can now just get back to spending money like crazy.
Well, #1 -- I don't think this is true, and #2 if we are "nearing the limits" how can we also say that we have "turned a corner"?
This is just happy talk and pablum.
“...World Economic Forum in Davos....”
That’s an oxymoron right there....
The people who attend this “event” never had an economic crisis, but they are willing to let the rest of us know that “happy days are here again”....
Yeah, I kinda thought it might be. Soooo glad they made the proclamation. I feel soooooo much better now. Thank goodness for these brilliant folks who had to endure untold hardships to get there in first class or an a C2 instead of a C5. Biggest hurdle was overcoming the fear of not having sufficient caviar for the journey or maybe running out of Cristal. Oh the humanity. Do these buffoons even have a clue how the little people (us) live day to day? Didn’t think so.
I feel so much better. /s
Trust in God, not in man.
Maybe not:
A New Federal Reserve Report Quantifies The Risks It's Taking In A Very Scary Way
"I put it on the growing list of “things” that are suggesting that the Fed is pondering a change in direction. If there are any ‘tea leaves’ in the analysis, they would read that QE is going to be ending pretty soon.
That must mean the financial tsunami is about to start...
The tide of bad news is receding and the sun is bright and clear...
Just like Christmas day 2004...
QE ending would mean the artificial supports of the market will soon get pulled
resulting in....
yea, gold, silver and lead... invest appropriately
They will NEVER admit that a financial crisis is upon us. Governments around the world will deliberately lie to their people, even after a crisis has begun! It is all to prevent a panic, duncha-know. If they are saying "all is well" then my gut tells me that the first wave of an economic tsunami is imminent. (Who has been saying that I am paranoid? Somebody keeps saying I am paranoid!)
Financial crisis is finally behind us.
WARNING erasers don’t clear debts.
These sobs don’t give a rip about the global economy. Their supplies of lobster and caviar willnever run out.
Double ++ Good!
It won’t be over until the global elites are either dead or in prison.
To think, just last week we were debating as to minting a trillion dollar coin or not.
Tell it to all those unemployed or employed in dead end jobs way below their education, ability, and experience.
This is clearly some sort of feel-good bullsh*t.
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