I just can't believe it's so
though it seems strange to say
I never been laid so low
in such a mysterious way
and the course of a lifetime runs
over and over again.
No I would not give you false hope
on this strange and mournful day
but the mother and child reunion
is only a motion away
There's an image to inspire confidence, right?
First of all, Vlad the Impaler did not even bother to come, an historic snubbing of the G8. While I'm sure the other leaders slept better knowing that they didn't have to share a bathroom with a trained assassin, Putin did send his puppet, Medvedev to join such awe-inspiring global figures as Barroso, Van Rompuy, Harper, Hollande, Noda… stop me if I get to someone you've heard of….
Remember when there was a sort of stability to World Leadership? This Democracy stuff is making a real mess of things, I think. Even Cameron is a new guy and Obama is putting in his 4th year in the chair which makes Merkel the real constant of the group after 7 years in office. And what does everyone do? They gang up on her! Poor Merkel seems to be the only fan of austerity left in the G8, the other leaders want to put their foot back on the gas or the Global economy will never make it to the other side of the canyon.
Unfortunately, Ms. Merkel is not easily persuaded and the G8 came up empty which means we're back to being bearish as it's about $1Tn short of what they needed to come up with to get the economy back in gear and more kind words and empty promises are NOT going to pull us out of the downward spiral that our Global Economy is clearly in at this point. In fact, even the current firewall for the EU is coming up short of projections with not even enough money available for the PIIGS to stumble through:
I mean, seriously, these jokers all sat together this weekend, looked at a chart like this, looked at the global markets (which are dropping like stones) and looked at global unemployment figures and came to the conclusion that all they needed to do…
