Davos Annual Meeting 2011 - The Global Economic Outlook
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http://www.weforum.org/ 29.01.2011 What is the outlook for the global economy in 2011? The following dimensions will be addressed: - Macroeconomic imbalances - Currency instability - Global governance (G20) - International financial system • Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, India • Robert E. Diamond Jr, Chief Executive, Barclays, United Kingdom • Christine Lagarde, Minister of Economy, Finance and Industry of France; Member of the Foundation Board of the World Economic Forum • George Osborne, Chancellor of the Exchequer of the United Kingdom • Wolfgang Schäuble, Federal Minister of Finance of Germany • Yu Yongding, Senior Fellow, Institute of World Economics and Politics, Chinese Academy of Social Sciences (CASS), People's Republic of China; Global Agenda Council on the International Monetary System • Robert B. Zoellick, President, The World Bank Group, Washington DC Chaired by • Martin Wolf, Associate Editor and Chief Economics Commentator, Financial Times, United Kingdom
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Amazing. Looking back a year I see all these highly paid clowns again predicted things completely wrongly. This is why we are in the mess we're in now. They actually thought the massive stimulus raised on yet more debt would fix the problem. Any schoolboy knows you cannot borrow yourself out of debt in an environment of low demand. We will soon, by May 2012 go into a deflationary (not inflationary) led recession. See YouTube site: watch?v=eR5JmepduiQ&feature=colike for a much better view.
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very useful discussion......
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