World Entering 'Dangerous New Phase': Lagarde

CNBC ^ | 9 Sep 2011 | Catherine Boyle

[george76]

Christine Lagarde, the managing director of the International Monetary Fund, warned that the global economy is entering a "dangerous new phase" on Friday, ahead of the G7 summit in Marseilles, France.

...

"The world is collectively suffering from a crisis of confidence, in the face of a deteriorating economic outlook and rising concerns about the health of sovereigns and banks."

Her speech at Chatham House in London came after a turbulent week for the markets, with the focus on sovereign debt issues

[BipolarBob]

Wars are fought over such things as currencies and trade.

[AAABEST]

For whatever reason, the link isn’t working.

[kearnyirish2]

“Wars are fought over such things as currencies and trade.”

Absolutely; we’re heading towards “Mad Max” stuff (in other words, sub-Saharan Africa levels of stability).

[jnsun]

It just happens that the United States of America, given competent leadership and allowing itself to be free again, is, along with Australia and Canada, in one of the most wonderful positions on the planet. That is what "they" are afraid of; and why Barack Obama was elected by the outside money boys of the world, and why "they" hate Sarah Palin.

If one has not figured this out, one is clueless.

Johnny Suntrade, the Suntrade Institute

[null and void]

Democrat presidents start or accelerate wars to maintain their own power.

[Red6]

You’re right.

[ken21]

she’s dangerous.

[Sawdring]

Democrat presidents start or accelerate wars to maintain their own power.

I don't see Obama doing this, but Clinton on the other hand. Kosovo was a classic!

[the invisib1e hand]

Lagarde Proposes, Bernanke Disposes.

As posted earlier, one of her more disturbing characteristics is her apparent authority.