Opinion (Gary Cohn, President of Goldman Sachs Group Inc.): “Goldman Sachs Group Inc. President Gary Cohn said Europe still faces ‘fundamental problems’ and policy makers lack plans to foster economic growth in southern European nations. Spain’s recession deepened in the last quarter of 2012 and its economy is set to shrink a second year in 2013, undermining the government’s efforts to reorder public finances amid a 26 percent unemployment rate.”
My Comment: When will financiers finally stop dreaming of new growth? Already for many years, they have been producing just to buy, throw away, and buy again. They are ready to lend for this purpose and they live in a dreamland that all this will continue. Of course, the process of establishing new (necessary, rational) needs runs consistently and gradually, but it is strongly implemented around the world by Nature.