IMF Says World Economy Enters Dangerous Phase

Discussion in 'Economy' started by B. Kidd, Sep 20, 2011.

  1. B. Kidd
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    B. Kidd Gold Member

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    Last edited: Sep 20, 2011
  2. BDBoop
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    BDBoop BANNED

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    Don't harsh my zen, Jen!
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    Brookings says same.

    September 2011 Update for TIGER: Tracking Indexes for Global Economic Recovery - Brookings Institution

     
  3. iamwhatiseem
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    iamwhatiseem Gold Member

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    I say the same...so should anyone who pays the least bit of attention.
    There is nothing that I see that will make any change. Only reason we even improved what little we did in 2010/2011 was the government throwing $1 tril into the system...it is gone and we certainly can't throw another $trillion in.
     
  4. sparky
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    sparky VIP Member

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    man, with forecast like that the IMF should get into the wheater biz

    ~S~
     
  5. Toro
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    Toro Diamond Member

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    I don't disagree with the IMF. But ...

    The forecasting record of economists is horrendous. In 2007 or 08 - I can't remember which, but just before the crisis - the IMF was lauding the strength of the world economy, and how everything looked a-OK.
     
  6. BDBoop
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    BDBoop BANNED

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    So if they notice it's bad, it's probably time to abandon all hope?
     
  7. waltky
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    waltky Wise ol' monkey Supporting Member

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    It's the economy, stupid...
    :eusa_eh:
    Obama: People Not Better Off than 4 Years Ago
    October 3, 2011 WASHINGTON (AP) — President Barack Obama said Monday that Americans aren't better off than they were four years ago as the struggling economy and high unemployment have taken a toll.
     
  8. waltky
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    waltky Wise ol' monkey Supporting Member

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    Uncle Ferd says its all dem Chineses fault...
    :eusa_eh:
    Fed Chief: Undervalued Chinese Currency Harms US Recovery
    October 04, 2011 - The head of America's central bank says China's currency practices hinder U.S. and global economic recovery. Federal Reserve Chairman Ben Bernanke testified on Capitol Hill Tuesday, but did not specifically address a bill being debated in the upper chamber that would penalize Beijing for maintaining an undervalued currency.
     

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