Bob Janjuah

I think Bob is one of a handful of guys that really gets the bigger picture here. I think he nails both the longer term and shorter term outlooks for 2012 here and encourage everyone to read this short piece.


Unchanged from last year/the last few years: Too much debt, insufficient "real" self-sustaining growth, and the same old failed thinking from (Western) policymakers, which over the last 20 + years has created the biggest debt disaster in modern history. Western policy makers, at the national and G20/IMF level, still seem to have no response to solvency problems other than printing more money, loading on more debt, and hoping that "time" sorts it all out. In other words, the extension of ponzi schemes which are being used to cover up our lack of competitiveness and real productivity growth through the use of money debasement and leverage.


http://www.zerohedge.com/news/bob-janjuah-ushers-new-year-here-we-go-again