"It was a blowout con job"
The real problem we face is that an old age home doesn't want anything to change. And therefore, they need to be forced to change. Ponzi schemes don't go in reverse...
"Let us not be naive, globalization is going through a major crisis"
French President Emmanuel Macron called at the World Economic Forum (WEF) in Davos on Wednesday for a “global compact” to harness the negative effects of globalization, warning against a race to the bottom on taxes and regulation.
"We have to accompany this transition and we have to deliver a new message to our middle and working classes, without this consistency it will be impossible to deliver"
Let us not be naive, you can't "reform" a zero sum globalized Ponzi scheme. Davos billunaires pretend to be 'worried' about wealth inequality even as they celebrate their most recent tax cut. What they're worried about is rioting. And what they want IS a race to the bottom on taxes and regulation, to fund further "growth". Ponzi schemes don't go in reverse.
Here is another look at Ponzi "reflation":
Ponzi revenue reflation:
Caterpillar revenue (black) with oil (red):
As always, and far more so right now:
MEGA CRASH is base case scenario:
No, they don't see it coming aka. going