MMC
08-28-2011, 05:26 AM
http://news.yahoo.com/imf-sees-no-recession-risks-rising-lipsky-211719060.html
WASHINGTON (Reuters) - The IMF's updated forecasts to be released next month do not foresee a global recession but risks have risen, a senior International Monetary Fund official said on Friday.
Lipsky said rising risks to the global economy reflected a lack of confidence in policymakers' ability to rein in debts.
He urged both the United States and Europe to develop credible medium-term fiscal plans to boost confidence in their ability to cut their debt levels.
"The more credible medium term planning, the more flexibility that will exist with temporary impacts, such as potential impact of the hurricane (Irene)," said Lipsky.
He said effective fiscal measures could include a combination of U.S. tax reforms and clear-cut spending plans.
The White House said President Barack Obama and IMF chief Christine Lagarde spoke by phone earlier on Friday and agreed that the world economy needs further steps to boost growth in the short term.....snip~
WTF.....Obama agress with the IMF that the World Economy Needs further steps to boost growth in the short term? What the hell does that mean? Hey, how about telling the IMF to kiss our ass. Let them Boost the World Economy quickly. Does this mean the IMF wants Military engagements to be started and ended quicker than 6 months?
Obama should be telling them we have our own Economy to worry about. We cannot worry about the World's. At the same time.....he should be telling the IMF to start paying back those loans they got from the US.
The IMF says there is no World recession. They are not expecting one. Are these guys fricken blind?
The US is going into depression. Save all that shit about a double dip recession. We are in a recession. Which we are told has it's ups and downs. Great, good to know. But when you hear double dip recession. Thats just nice verbal terminology that the shit has hit the fan. This is just our country. Then the England is going into hyper-inflation. The EU is a total mess. We have the P.I.G.S. all with the IMF bailouts. Then there are the F.I.B.S. Irland and Scotland economies have tanked already. France is being down-graded with the Triple A rating and are up next with the IMF bailout. After the French are done then it will be the Brits turn. Who as stated are into hyper-inflation. They have raised corporate taxes and now admit they weree wrong on their projections.
Asian economies have tanked. Japan, Phillipines, and S. Korea. Mexico and most of Central America is at economic collapse. Where do they see this World Economy? Looks like most of the World is recessing. Well except for the Sunni. I doubt they can carry the World's economies. Thoughts? >:(
WASHINGTON (Reuters) - The IMF's updated forecasts to be released next month do not foresee a global recession but risks have risen, a senior International Monetary Fund official said on Friday.
Lipsky said rising risks to the global economy reflected a lack of confidence in policymakers' ability to rein in debts.
He urged both the United States and Europe to develop credible medium-term fiscal plans to boost confidence in their ability to cut their debt levels.
"The more credible medium term planning, the more flexibility that will exist with temporary impacts, such as potential impact of the hurricane (Irene)," said Lipsky.
He said effective fiscal measures could include a combination of U.S. tax reforms and clear-cut spending plans.
The White House said President Barack Obama and IMF chief Christine Lagarde spoke by phone earlier on Friday and agreed that the world economy needs further steps to boost growth in the short term.....snip~
WTF.....Obama agress with the IMF that the World Economy Needs further steps to boost growth in the short term? What the hell does that mean? Hey, how about telling the IMF to kiss our ass. Let them Boost the World Economy quickly. Does this mean the IMF wants Military engagements to be started and ended quicker than 6 months?
Obama should be telling them we have our own Economy to worry about. We cannot worry about the World's. At the same time.....he should be telling the IMF to start paying back those loans they got from the US.
The IMF says there is no World recession. They are not expecting one. Are these guys fricken blind?
The US is going into depression. Save all that shit about a double dip recession. We are in a recession. Which we are told has it's ups and downs. Great, good to know. But when you hear double dip recession. Thats just nice verbal terminology that the shit has hit the fan. This is just our country. Then the England is going into hyper-inflation. The EU is a total mess. We have the P.I.G.S. all with the IMF bailouts. Then there are the F.I.B.S. Irland and Scotland economies have tanked already. France is being down-graded with the Triple A rating and are up next with the IMF bailout. After the French are done then it will be the Brits turn. Who as stated are into hyper-inflation. They have raised corporate taxes and now admit they weree wrong on their projections.
Asian economies have tanked. Japan, Phillipines, and S. Korea. Mexico and most of Central America is at economic collapse. Where do they see this World Economy? Looks like most of the World is recessing. Well except for the Sunni. I doubt they can carry the World's economies. Thoughts? >:(