Posted on 07/08/2009 8:08:38 AM PDT by MyTwoCopperCoins
WASHINGTON (MarketWatch) -- The global economy is beginning to pull out of recession but the recovery is expected to be sluggish, according to the latest economic update from the International Monetary Fund released Wednesday. The IMF raised its forecast for growth in 2010 to a 2.5% rate, which is higher than the 1.9% growth rate forecast in April. There is much less concern about systemic failure in the financial system.
A gradual recovery in the U.S. seems on track, the IMF said. Japan is stabilizing after a dismal first quarter.
(Excerpt) Read more at marketwatch.com ...
Simply stated, I don’t believe them. In fact, I believe things are going to get worse. I don’t have a college degree and I don’t have stats or numbers, but I do have common sense. What we are doing hasn’t ever worked, and it wont work now.
Global recession ending. Global depression beginning.
The momentary quiet before the storm...we have just entered the eye of the hurricane and the the other side of the hurricane is about to impact...
I agree with you. How can an economy stabilize if it keeps losing, at a minimum, 400k jobs/month.
“Global recession ending, recovery sluggish: IMF”
If wishes were fishes, they’d all swim away...
BTT.Common sense and street smarts rule in this economy.
LOL!
Nailed it.
Could this be one of the rare times in history where the US trails the rest of the world out of recession instead of leading it?
Ahhh, YES.
Thirty years ago when the “Service Economy” begain I mused as to how we could sustain the U.S. economy by not producing value added products.
We can’t make a living selling service to each other and we can’t make a living without making something in a value adding process. The money changers on Wall Street only produce a sham and destabalize the markets. Chaos (arbitrage) is the only way they make money and they make money on both sides of the trade by skimming a little off each time a trade goes by.
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