Dangerously Ridiculous: World Econ. Forum Calls for $100 Trillion More Credit

By Ilargi on The Automatic Earth. There are times when you read things that can only make you want to be silent and still, wondering what on earth people are thinking. This is one of those times; Emma Rowley reports in the UK Telegraph:

World needs $100 trillion more credit, says World Economic Forum

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.

Read more: http://www.businessinsider.com/world-economic-forum-100-trillion-credit-2011-1#ixzz1BfoAp4Xh