IMF: 'Dangerous undercurrents' threaten global economy

[efhmc]

I heard this on BBC several days ago. Maybe some investors did also. https://www.bbc.com/news/business-45803283

[SWBTATTReg]

1. Thanks for posting. I particularly like the sentences that stated (after my blurb)...

We all at DU have talked about this downturn coming for some time. It was kind of expected after so long a run upwards...the article continues to say...
****************************************************
On Monday, it downgraded world growth forecasts for next year, blaming new trade barriers.
Tuesday's report says governments should resist attempts to roll back banking regulations put in place in 2008 to stop a similar financial crisis happening again.

Complacent
President Donald Trump has already pushed through laws repealing banking rules in America for smaller institutions, saying they were holding back bank lending to businesses.
The IMF also warns market investors, who have seen the largest upward bull run in stocks in history.
The report says they are in danger of becoming complacent about the chances of an economic shock to the system.
One could be the ending of "easy money".
Central banks are starting to withdraw the stimulus that was put in place at the time of the financial crisis.
Interest rates are rising and quantitative easing - money printing - being dialled back.
The IMF fears this could lead to sharp falls in markets.

[efhmc]

3. I was listening to it in the car while driving into Austin several days ago and

then later heard DJT talking about how well things were going economically here. (Well I actually didn't listen to him say it because to have his voice go into my head make me nauseous. It was reported.) So look at who he is blaming for the downturn now (because he takes credit for all of Pres. Obama's work but nothing is ever his fault or responsibility.): "the loco Fed. "When I took over this economy, this economy was ready to crash," he added. He is totally incompetent and understands nothing about economics.

[empedocles]

2. Compounded by decades of relative economic stagnation.

[efhmc]

4. Can you please explain that further?

Please.

[SWBTATTReg]

5. Yes, pls. explain why you think this. No evidence or articles to point to, eh? NT

[empedocles]

6. Google - PostWorldWar2 Economic Expansion, 5 cites

. . . 'unparelled prosperity extending to 1973 recession' . . .