Why Now?
2010 February 8
On Saturday I mentioned the G-7 meeting in the Arctic, and the central bankers conference in Sydney Australia. Add to that a 2 day meeting of the 28 NATO defense chiefs February 4th in Turkey (see this).
Historically speaking these simultaneous, high level international meetings do not occur in times of peace and prosperity. They are always events that should be regarded with due notice.
I have made it a continuing theme here to communicate the state of the global economy. Those now telling you how good things are understand the gravity of the situation, hence one of the reasons for the meetings. Mish has written a good piece, which could prove to be the story that breaks the economic camel’s back. Read it here.
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