I most definitely hope to be able to say that I “spoke too soon” if I waxed a bit too critical in yesterday’s post: The solution to the global economic crisis. I don’t have all of the details yet, but I just now learned that there is a “Global Insolvency and Restructuring Conference”. From what I have seen so far, these conferences are occurring at regular intervals, given that the web page I just looked at was about the 17th Global Insolvency and Restructuring Conference. Perhaps some of us are looking at possible ways to restructure after the present insolvency bottoms out, and at a good pace too! They’ve already had 17 of them! They must have these conferences on a weekly basis, or possibly on a monthly basis; the last 17 months have been the hardest so far.
What confuses me a little is that the web page for this conference lists the last one in May of 2011. There should have been at least 3 more since May, if not 12. It must be a typo; I mean, come on; there’s no way that this could have been the 17th annual Global Insolvency and Restructuring Conference, could it? That would mean that they have known about the insolvent state of the world for at least 17 years, perhaps more. That couldn’t be possible, could it? 17 years ago; in 1994; there was no clue that the massive hammer punch we took in 2008 would happen or that any of these economic “bubbles” that exploded would exist; right? I mean; if this were the 17th annual Global Insolvency and Restructuring Conference, then. . . have we been insolvent since then or did we know that we would become insolvent? Since 1994?
Excuse me for a moment, I just got a headache; I’m going to take an analgesic.