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|User Info||It's Over; entered at 2011-09-05 12:32:14|
Registered: 2008-05-29 New Jersey
I don't think that there is any doubt that the world economy ran straight off the cliff a long time ago. All that TARP, the QEs, the suspension of FAS 157 and all the other financial shenanigans that have occurred since 2008 have done is to delay recognition of that fact.|
The real question is whether the world economy has reached its Wile E. Coyote moment and recognized that we are about 50 feet away from the cliff and about 1000 feet above the ground. I'm not sure that we have recognized that fact yet. However, sooner or later gravity is going to kick in.