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Old 01-30-2018, 03:14 PM
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Join Date: Dec 2011
Location: Behind the Orange Curtain in California
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Partying Like It's 2006

"The world's elite are partying like it's 2006, and that should probably scare us. Top business and political leaders, who met last week in the quaint ski chalet town of Davos, Switzerland, couldn't stop talking about the booming global economy, record stock markets and President Trump's tax cuts. They toasted the good times with bottles of bourbon that cost several thousand dollars each.
But there is something unnerving about all of this: 2006 was followed by 2008, the worst financial crisis of just about everyone's lifetime. Some of the wisest minds at Davos said it feels eerily similar right now, and that's not comforting.
“The biggest concern I have is no one thinks there's a chance of a recession this year or next,” Carlyle Group co-founder David Rubenstein said. “The conventional wisdom is usually wrong.”" WP

https://www.washingtonpost.com/news/...=.b38b1021d2b6
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