IMF: U.S. Lacks ‘Credible Plan’ To Reduce Budget Deficit Over Medium-Term
Global skepticism over America being able to deal with its deficits and debt continues to grow. From Reuters’ Jean-Baptiste Vey this morning: The United States lacks a credible plan to cut its deficit...
View ArticleIMF, World Bank Warn Global Economy Has Entered Danger Zone
When the World Bank president said last week the world had entered a new economic danger zone, it grabbed my attention. But when the chief economist of the IMF said today that the world economy had...
View ArticleGlobal Recession In 2013?
There’s increased talk this week about a possible global recession in 2013. Andy Bruce wrote on the NBC News website this morning: “Is the global economy heading into another recession? This is now...
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