Thursday, November 19, 2009

More Bad News

World economies rebound but China set for best growth

"The Organisation for Economic Co-operation and Development (OECD) [mouthpiece for rich nations including the US and UK] says growth and recovery are expected in 2010 in just about all world regions, more than doubling its growth forecast to 1.9% for next year, from 0.7%."

At just the time when rich nations especially should be settling back into a steady state economy, obscenely rich "business leaders" crow on about economic growth.

Ed Abbey called it the philosophy of the cancer cell. I call it just plain stupid.