Chief economist Oliver Blanchard on the IMF’s latest forecast.
[gigya src=”http://c.brightcove.com/services/viewer/federated_f9?isVid=1″ bgcolor=”#FFFFFF” flashVars=”videoId=1878677757001&playerID=45533486001&playerKey=AQ~~,AAAACofWkTk~,d-cWVfCeeBH2u4-MzWQrjKX5_f_MoDWg&domain=embed&dynamicStreaming=true” base=”http://admin.brightcove.com” name=”flashObj” width=”486″ height=”412″ seamlesstabbing=”false” type=”application/x-shockwave-flash” allowFullScreen=”true” swLiveConnect=”true” allowScriptAccess=”always” pluginspage=”http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash”]
- IMF revises forecast down, global growth projected at 3.3 percent this year
- World trade slumps, hurting emerging markets, developing countries
- Prospects could improve if clouds over euro area, U.S. “fiscal cliff” are lifted
Download the full report.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.
So the IMF’s solution is to pump in more money. It seems to me we need to figure out why the hundreds of trillions of dollars that already exists is not circulating as it was designed to do.
The money is not circulating because the central banks are rubbish at designing anything to do with money. All price fixing ( ie interest rate setting) and money printing results in the most dire unintended consequences- eventually.
Why should you give more cash to anyone who has a reputation for losing it?