The head of the International Monetary Fund, Christine Largarde, said Friday the world economy is entering a “dangerous new phase.” Lagarde
is referring to a debt bubble, the likes of which the planet has never
seen before, and the possibility that it could all unravel at any
moment. Uncertainty over the debt crisis in Europe is what caused the
Dow to crash more than 300 points at the end of last week. What is Lagarde going to do about the debt problem? A CNBC story reported,“She
warned that both advanced and emerging economies faced key economic
challenges, and that governments must ‘act now’ to stop further
contagion. ‘Policymakers should stand ready, as needed, to take more
action to support the recovery, including through unconventional
measures,’ Lagarde said.” (Click here to read the complete CNBC story.) Lagarde is surely talking about revving up the global printing presses for more bailouts.
(Click here for the Original Source that suggests