In my opinion, what we know now is much more frightening than what we didn't know during GFC 1 Chubbito.
We know printing press policy didn't work. We know about the trillions in debt. We know China is slowing down. Nobody can suggest a possible solution to the current circumstances that has any sort of credence.
Govs want a painless solution. I don't think this is an option. The world will have to pay the piper and take a flogging of epic proportions. PAIN before gain.
But of course maybe I'm wrong and the 10 tonne boulder can be kicked further down the road.
