thecrashingisles Posted January 19, 2011 Report Share Posted January 19, 2011 http://www.telegraph.co.uk/finance/financetopics/davos/8267768/World-needs-100-trillion-more-credit-says-World-Economic-Forum.html The world's expected economic growth will have to be supported by an extra $100 trillion (£63 trillion) in credit over the next decade, according to the World Economic Forum. This doubling of existing credit levels could be achieved without increasing the risk of a major crisis, said the report from the WEF ahead of its high-profile annual meeting in Davos. But researchers warned that leaders must be wary of new credit "hotspots", where too much lending takes place, as the world emerges from a financial catastrophe blamed in large part "to the failure of the financial system to detect and constrain" these areas of unsustainable debt. "Pockets of credit grew rapidly to excess – and brought the entire financial system to the brink of collapse," said the report, written in conjunction with consulting firm McKinsey. "Yet, credit is the lifeblood of the economy, and much more of it will be needed to sustain the recovery and enable the developing world to achieve its growth potential." The global credit stock has already doubled in recent years, from $57 trillion to $109 trillion between 2000 and 2009, according to the report. The WEF said the continued demand for credit could be met "responsibly, sustainably – and with fewer crises". However, it cautioned that to achieve this goal, financial institutions, regulators, and policy makers need more robust indicators of unsustainable lending, risk, and credit shortages. Quote Link to post Share on other sites
Bloo Loo Posted January 19, 2011 Report Share Posted January 19, 2011 no it wont. Quote Link to post Share on other sites
Lambie Posted January 19, 2011 Report Share Posted January 19, 2011 http://www.telegraph...omic-Forum.html in other news, "everyone needs haircuts" insists World Barber Forum Quote Link to post Share on other sites
tomwatkins Posted January 19, 2011 Report Share Posted January 19, 2011 http://www.telegraph.co.uk/finance/financetopics/davos/8267768/World-needs-100-trillion-more-credit-says-World-Economic-Forum.html So it's still priced in dollars then? What happened to the dollar is doomed theory? Quote Link to post Share on other sites
tomwatkins Posted January 19, 2011 Report Share Posted January 19, 2011 in other news, "everyone needs haircuts" insists -----------World Banking Forum Quote Link to post Share on other sites
thecrashingisles Posted January 19, 2011 Author Report Share Posted January 19, 2011 in other news, "everyone needs haircuts" insists -----------World Banking Forum Haircuts all round if they lend another $100 trillion. Quote Link to post Share on other sites
red11 Posted January 19, 2011 Report Share Posted January 19, 2011 Haircuts all round if they lend another $100 trillion. I'm sure they will. More credit then more bailouts. The only way is up. Quote Link to post Share on other sites
General Congreve Posted January 19, 2011 Report Share Posted January 19, 2011 Of course it does, the debt-based monetary system can only carry on if it keeps expanding exponentially until it all blows up in everyone's face. Hair of the dog anyone? Quote Link to post Share on other sites
Tonkers Posted January 19, 2011 Report Share Posted January 19, 2011 Perhaps we could borrow it from aliens. Quote Link to post Share on other sites
The Masked Tulip Posted January 19, 2011 Report Share Posted January 19, 2011 It was a close shave last time. If you look at that long enough you can see the meaning of life. Quote Link to post Share on other sites
@contradevian Posted January 19, 2011 Report Share Posted January 19, 2011 Perhaps we could borrow it from aliens. Explore new life, seek out new civilisations, to boldly borrow where no man has borrowed before Quote Link to post Share on other sites
tricksters Posted January 19, 2011 Report Share Posted January 19, 2011 What does a hundred trillion mean, please? Quote Link to post Share on other sites
Constable Posted January 19, 2011 Report Share Posted January 19, 2011 What does a hundred trillion mean, please? 100,000,000,000,000 - or a couple of gold bars in a few years time. Quote Link to post Share on other sites
Take Me Back To London! Posted January 19, 2011 Report Share Posted January 19, 2011 What does a hundred trillion mean, please? Quote Link to post Share on other sites
oracle Posted January 19, 2011 Report Share Posted January 19, 2011 no it wont. No it doesn't. Excessive credit/leverage and a goebbels-esque media barrage of nonsense/toxic waste RE houses/consumersism got us into this mess. spendaholics need a short spell in de-tox. Quote Link to post Share on other sites
fellow Posted January 19, 2011 Report Share Posted January 19, 2011 World Needs $100 Trillion More Credit, Says World Economic Forum Why do, for example, pigeons not need large amounts of debt in order to live their lives? Quote Link to post Share on other sites
mrpleasant Posted January 19, 2011 Report Share Posted January 19, 2011 World Needs $100 Trillion More Credit, says World Economic Forum, like a hole in the head. There, that's better. Quote Link to post Share on other sites
Compukit UK101 Posted January 19, 2011 Report Share Posted January 19, 2011 Piece of cake. Quote Link to post Share on other sites
tricksters Posted January 19, 2011 Report Share Posted January 19, 2011 100,000,000,000,000 ......................................... No - sorry. Still don't know what it means. Quote Link to post Share on other sites
non frog Posted January 20, 2011 Report Share Posted January 20, 2011 Why do, for example, pigeons not need large amounts of debt in order to live their lives? No x-box flat screen designer trainers i-phone SUV Jimmy Choos £100 haircut Bolinger meal at the Ivy holiday home trip to Disneyland for pigeons. http://www.basc.org.uk/en/games-on/topnav/recipes/pigeon-recipes/a-casserole-of-pigeons-with-red-cabbage.cfm Quote Link to post Share on other sites
Bloo Loo Posted January 20, 2011 Report Share Posted January 20, 2011 No x-box flat screen designer trainers i-phone SUV Jimmy Choos £100 haircut Bolinger meal at the Ivy holiday home trip to Disneyland for pigeons. http://www.basc.org....red-cabbage.cfm we we dont grub around the lawn looking for worms. Quote Link to post Share on other sites
Tonkers Posted January 20, 2011 Report Share Posted January 20, 2011 we we dont grub around the lawn looking for worms. Thats the job description I got handed by the job centre yesterday. 'meets minimum wage requirements', 'degree required'. Quote Link to post Share on other sites
Bloo Loo Posted January 20, 2011 Report Share Posted January 20, 2011 Thats the job description I got handed by the job centre yesterday. 'meets minimum wage requirements', 'degree required'. you need a degree to be a pidgeon these days Quote Link to post Share on other sites
Mikhail Liebenstein Posted January 20, 2011 Report Share Posted January 20, 2011 we we dont grub around the lawn looking for worms. No , Save that for a family meal out in 2019. Quote Link to post Share on other sites
non frog Posted January 20, 2011 Report Share Posted January 20, 2011 you need a degree to be a pidgeon these days That's terrible, you should be ashamed of yourself. Pigeon is not politically correct. The correct job title is "aviation-based manure spreading operative". Quote Link to post Share on other sites
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