Quote of the day: Other than that, things are great


From the just-released 82nd Annual Report [PDF] of the Bank of International Settlements:

The world is now five years on from the outbreak of the financial crisis, yet the global economy is still unbalanced and seemingly becoming more so as interacting weaknesses continue to amplify each other. The goals of balanced growth, balanced economic policies and a safe financial system still elude us. In advanced economies at the centre of the financial crisis, high debt loads continue to drag down recovery; monetary and fiscal policies still lack a comprehensive solution to short-term needs and long-term dangers; and despite the international progress on regulation, the condition of the financial sector still poses a threat to stability. From time to time, encouraging signs raise hopes – but they are quickly dashed, delivering another blow to the confidence of consumers and investors.

And from the report, the crisis explained in graphic form [click on the image to enlarge]:

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One Response to Quote of the day: Other than that, things are great

  1. FIND OUT HOW MUCH OF YOUR MONEY ROMENY HAS IN HIS OFFSHORE ACCOUNTS(SWISS BANKS) VIA KPMG & BAIN INVESTMENTS with corporations he acquisitioned. Were they legal?. IS HE THE MESSIAH PEOPLE WILL LOOK UP TO? REALLY EVIL & GREEDY VIA THE WAYS OF HIS CHURCH? His church are part of the kpmg/bain & the paramilitary/military branches are protecting his/family of & with the theft of YOUR money.This started when you all were working, saving money, putting money into your once owned homes, your lower employer paid benefits including healthcare & now you are mostly broke with no health care or other benefits or owed & deserved jobs (where’s the health & safety nets for workers) with decent wages either, all thanks to THE investment biggest crooks! HE didn’t do this by himself, remember that!
    They’re not done either, especially with wanting health care costs to go in to the market, that’s another lasting (death is very profitable) & biggest theft coming down the pike!

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