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Financial news I consider important, with my opinion, which is worth as much as you paid for it.
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Thursday, January 20, 2011

World Economic Forum releases report

The World Economic Forum (WEF) is a Geneva-based non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss the most pressing issues facing the world, including health and the environment. (quoted from Wikipedia)

I try not to dismiss any group that puts a large effort into "neutral" analysis. So the WEF releasing a report is worth looking at. I have included the most disturbing image in the report about the USA.

Please see their report embedded below the image.

One other disturbing message is "Global credit stock doubled from $57 trillion to $109 trillion in just 10 years (from 2000 to 2010), it will need to double again to an incredible $210 trillion by 2020 in order to provide the necessary credit-driven growth.".

Whoo-ha. Thats a nice trajectory. Even if that does happen, can it be sustained? Anyway, read more if you have the time.

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