The Western world keeps spending its way to disaster

The Western world keeps spending its way to disaster → theglobeandmail.com/report-o … le1565375/

The Morgan Kelly school of ‘forecasting’.

Excellent link. Thanks.
bis.org/publ/work300.htm

Europe has ‘no alternative’ but to balance its books: Draghi → expatica.com/ch/news/swiss-n … 66664.html

kingworldnews.com/kingworldnews/ … 3A2010.mp3

That’s a sobering post. Any ripostes?

Very interesting.
As for a riposte he says himself

“It kind of begs the question who’s going to buy these things (Goldman’s CDSs)
That’s where the suckers come in.
You’re looking for a hedge fund manager who can’t find Europe on a map.”

Pity. It was looking good up until there.