Saturday, January 22, 2011

Davos and World Economic Forum and Powder

Shortly the World Economic Forum will meeting Davos, Switzerland.
They are going to discuss whether or not global economic growth is to meet consensus forecasts.
What does that mean to you?
That means that if you are getting forced out of your home by a bank you will still have to leave. If you are out of work you will probably remain out of work. If you are hungry – keep looking for food. It means General Electric will be allowed to give Communist China access to advanced gas turbines and jet engines because they want to and because Obama is out of touch with American reality.
It means more of the same and a little more of the worse.
"Globally, financial protectionism may constrain cross-border financing, a key to the provision of sufficient credit in the next decade, as global imbalances persist," the World Economic Forum said.
That’s the sort of talk that allowed banks to cross state lines in the United States and eventually become concentrated in New “Sodom and Gomorrah” York and ultimately lead to our present business problems.
These business problems won’t be solved by pandering to the people that cause them.
So – let’s hit the powder! Davos – an extraordinary ski resort.
Lately there’s been plenty of new precipitation and the snow down already has been packed hard. 58 of 58 ski lifts are open and over 277 kilometers and ski trails await the enjoyment of bankers and stockbrokers intent on stealing what little you have left.

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