World economy can brave markets slump - Wolfowitz

[sabra]

http://www.miningweekly.co.za/min/news/today/?show=103141

World economy can brave markets slump - Wolfowitz

The effects of a global markets sell-off in recent days could be shortlived and the world economy has shown it has the resilience to deal with much bigger upsets, World Bank President Paul Wolfowitz said on Monday.

"I wouldn't say that because of what we have seen in the last five days, we know where we are going to be five weeks from now," Wolfowitz told a news conference. "The global economy has shown a surprising resilience to much bigger perturbations." Wolfowitz was in Accra as part of celebrations to mark the 50th anniversary of independence for Ghana, the first country in sub-Saharan Africa to shed the colonial yoke.

Asked about the possible impact of the market shake-up on emerging economies, the former U.S. deputy defence secretary replied: "We are in a period of strong economic growth, that is good for everybody." "The best thing that Ghana or any developing country can do to insulate itself ... is to continue practising sound economic policies, including those that help grow domestic markets." After a chequered history since independence on March 6, 1957, punctuated by a spate of military coups, Ghana has emerged as one of Africa's most respected democracies and more solid economies.

[Cassandra]

1. Of course, he's never been wrong before...

has he?

[hadrons]

2. Can the world economy brave Wolfowitz???

[Kikosexy2]

7. And Wolfie...

can now buy some new socks with that gleaming assessment...

[dicknbush]

3. Hey Wolfie were are those WMD's

Fuck you you scum bag. Go to Baghdad and work in a hospital in the childrens ward I think. You are disgusting. Who cares what you think!

[The2ndWheel]

4. We want the world economy to survive because...?

Not a giant part of the problem or anything. World economy or a habitat, it won't be both.

[DrunkenMaster]

5. Wolfie will just give the global economy

one of his patented spit shines....

[Doctor_J]

6. More sage advice from the man who brought you Operation Cakewalk

Too bad these people still get to talk into microphones.

[NEOBuckeye]

8. And we should believe what a NeoCon says, because...? n/t

[struggle4progress]

9. This might be a good place to list Wolfowitz's economic credentials: