Someone finally tells the truth about the so-called economic recovery. Granted, Marc Faber is an Austrian School economist and he doesn't take into consideration Modern Monetary Theory - the realities of the current system. And so I ould disagree with some of his analysis. But overall, I agree with his characterization that "excessive printing" has disastrous consequences.
But no worries! As Bloomberg reported recently: Wall Street Partying in Davos as Crisis Angst Fades. These bankers and their stooge politicians really believe they have it figured out. That is when I began to start worrying - when the bankers' arrogance gets the best of them. That's when real crises hit - not when policymakers are preparing for a potential crisis, but when they paper over a crisis with the same debt that caused it and begin to actually believe they solved the problem.
Unless, of course, the problem the bankers feared was the size of their bonuses. And small bonuses mean small political donations... so the politicians were worried too. So if that was really the issue, then mission accomplished. The world is in balance once again - at least in the eyes of bankers and politicians.
Let the partying commence!