IMF top economist points to global uncertainty; wishes forecasts were ‘inaccurate’

Tuesday, October 9th 2012 - 03:15 UTC

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The IMF cut its global growth forecast for the second time since April and warned US and European policymakers that failure to fix their economic ills would prolong the slump. Read full article

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Ayayay
For the U.S., it WAS a challenge polarization.
Obama can't sign any laws if the Republican Congress don't give him any bills to sign.

Lately.... a bipartisan group HAS been working together to jump that fiscal cliff in the General Lee.

The WORLD just came out of the Cardinal Cross in June. ( Astrology, folks!) The last one was 1929-1932. This one was 2008-2012. We done good, hurray!
Oct 09th, 2012 - 04:26 am - Link - Report abuse 0
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eteega
It is said that economists don't believe in the “Kondratiev Long Wave”...but that doesn't mean that it isn't accurate!!
Long live the Kondratiev Wave Theory...short and long; however this time it basically only applies to the “foolish bank” countries that permitted their banks to dabble in the suicidal derivatives markets where bankers and traders could play heads we win (massive bonuses) and tails you (the shareholders) lose!!
In the U.S. that was also combined with the same logic of bankers and mortgage brokers making massive bonuses off selling mortgages to people who qualified by having : no down payment, no job, no problem...you're approved!!”
Oct 09th, 2012 - 09:35 am - Link - Report abuse 0
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