game, everybody would pile into it. there have to be risks like they say with christianity has to have hell, capitalism has to have bankruptcy and risk of ruin, that danger for you to come in. if it was risk free, everybody would do it. this takes out the people who got sloppy and lazy and this is the pause that in many cases refreshes. bitcoin has taken a tumble. what about the people who are saying tough times are ahead? how many times could they have said that? i like to joke with old co-workers back at businessweek that at the mark s low a bunch of people pulled me aside, kid, we re going to be eating cat food. you should take that as a contraindicator when everyone is capitulating maybe i should look at the markets.
in terms of the view from davos, here we are fiddling around with the u.s. economy. what do the world s great financial and fiscal minds have to say regarding the antics in washington? well, i ll tell you, actually, the prevailing few here, and eric cantor just arrived. the prevailing view is that even in three months from now, the idea that we ve punted on this issue, i think the prevailing view here is that we punt it forever, meaning in three months from now while there will be a fight about it, it will either get pushed off again or that there will be some deal that allows us to raise the ceiling for another year or two. i will say the view among economists here, ceos, executives, much better than i would have ever expected. you know, i think we re all very doom and gloom back in the u.s. or at least it feels that way, but this is a much happier mood. having said that, i should tell you, the it s sometimes a contraindicator how people feel at davos.