Today, Secretary Jack Lew is in Davos-Klosters, Switzerland for the World Economic Forum Annual Meeting. According to the Treasury, the Secretary "will continue discussions with his international counterparts on economic developments and policies to boost U.S. and global growth and promote financial stability."
The Secretary will first meet with European Commission Vice President Olli Rehn.
Secretary Lew will then meet with Irish Prime Minister Enda Kenny and Finance Minister Michael Noonan.
Later, the Secretary will meet with European Central Bank President Mario Draghi.
Secretary Lew will then depart Davos-Klosters for Washington, D.C.
The article reports that leaders are meeting to discuss economic developments and policies to boost U.S. and global growth and promote financial stability.
ReplyDeleteI respond that is a total waste of time.
Under the rule of the libertarian despised Creature from Jekyll Island, mankind experienced the Means of Economic Inflationism, that is the Benchmark Interest Rate, $TNX, driving inflation in both fiat money, defined as Aggregate Credit, AGG, coupled with Major World Currencies, DBV, and Emerging Market Currencies, CEW, as well as fiat wealth, defined as World Stocks, VT, Nation Investment, EFA, and Global Financials, IXG, ever higher.
But when the bond vigilantes gained control of the US Ten Year Note, ^TNX, calling it higher from 2.48, on October 23, 2013, fiat money died in a deflationary extinction event.
Then fiat wealth died the week of January 24, 2014, as investors derisked out of debt trade investments and deleveraged out of currency carry trade investments, forcing World Stocks, VT, Nation Investment, EFA, and Global Financials, IXG, lower in another deflationary extinction event.
The Interest Rate on the US Ten Year Note, ^TNX, was once the Means of Economic Inflationism, but now after the pivotal event of October 23, 2013, it is now the Means of Economic Destructionism, establishing economic deflation and economic recession, terminating economic inflation and economic growth.
With both fiat money and fiat wealth dead, the world has fully PIVOTED from the paradigm and age of liberalism, into that of authoritarianism, which will be an universe and epoch of economic deflation and economic recession; the likes of which the world has never seen; current news gives a foretaste as AFP reports RWE, Germany's second biggest power supplier said it plans to axe a further 6,700 jobs by 2016; and the company said it anticipated a steep drop in profitability.
Bust always follow boom. Now after five years of money market capitalism, the tail risk of Global ZIRP is economic deflation and economic recession, she is presented in bible prophecy of Revelation 17: 1-5; and she is going to be a bad bitch, as she is the scarlet beast, full of names of blasphemy, having seven heads and ten horns, and upon her forehead a name written, Mystery, Great Babylon, the mother of the harlots, and of the abominations of the earth.
And those private "Chatham House rule" dinners?
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