Thursday, January 21, 2016

Christine Lagarde: Recent market turmoil is manageable

Largade, the quintessential socialist lacking practical trading experience, denies the existence of business cycle. Denial of an unmanageable business cycle that drives markets and economies makes it easier believe-in and support central planning. It supports the following comments:

We believe that the situation is manageable as long as [all policy makers] upgrade their monetary policies, cooperate with each other and not just look at their domestic situation, but how [their actions] will impact the rest of the world. There is volatility. There will be more than what we had in the immediate post crisis years, but it’s also a phenomenon that we have to get used to and anticipate.

Market turmoil will be unmanageable soon. Will anyone remember these comments? Probably not.

Headline: Christine Lagarde: Recent market turmoil is manageable

Stronger downside risks, including China’s change of growth model, lower commodity prices, and “asynchronous” monetary policy around the world prompted the International Monetary Fund (IMF) to lower its global growth outlook, IMF Managing Director Christine Lagarde told Yahoo Finance editor-in-chief Andy Serwer at the World Economic Forum in Davos, Switzerland.



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