Saturday, January 31, 2009

How Bad's it Going to Get?

You may not be aware, but the world's leaders are all meeting in Davos, Switzerland this week to discuss the state of the world. And yes, this is a precursor to how a one-world-government will get started. But that aside, what types of things are getting discussed? One thing for sure is what the heck happened to start this financial crisis...and how long will it continue?

This one paragraph is pretty straight forward;

The root causes for the economic crisis were too much debt, a culture of short-term rewards for long-term risk-taking and fatally flawed mathematical risk models. And plain old greed.

Read the full article here, but don't look for any great news;
http://news.bbc.co.uk/2/hi/business/davos/7859179.stm

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