Well, atleast Treasury still thinks we can grow 5.5 percent. Some would classify that as a miracle. It's not like they've never happened
http://www.nation.co.ke/...2/-/r75i45z/-/index.html

Now we have the Vatican joining the chorus. Why does it sound like Al Gore's 2009 Global warming call, which we all know was a spectacular scam now renamed 'climate gate'?

http://www.reuters.com/a...4/idUS264245887020111024

A must read.

"As anticipated by LEAP/E2020, the second half of 2011 is seeing the world continuing its unstoppable descent into global geopolitical dislocation characterized by the convergence of monetary, financial, economic, social, political and strategic crises. After 2010 and early 2011 which has seen the myth of a recovery and exit from the crisis shattered, it's now uncertainty that dominates the States’ decision-making processes just like businesses and individuals, inevitably generating increasing apprehension for the future. The context singularly lends itself: social explosions, political paralysis and / or instability, return to the global recession, fear over banks, currency war, the disappearance of more than ten trillion USD in ghost-assets in three months, widespread lasting and rising unemployment..."

Read more:

http://www.leap2020.eu/G...estern-banks_a7904.html

So the EU summit has come & gone with nothing to show. Shocked, nop. This was expected. Nothing to see here. The CDS market in euroland will be interesting in coming weeks as the markets realize the rosy snow island is indeed an iceberg

This euroland summit has swept a lot under the carpet (expected - nothing fixed) and also sent a curveball straight at chingland. This is where your attention should be... The next time chingland announces a GDP growth below 9%, it'll be an interesting day going forward.