socialmedian: Worst of financial crisis yet to come: IMF chief economist

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Worst of financial crisis yet to come: IMF chief economist

Source: Intl Business-Business-The Times of India

Nov 23, 2008

Summary

The IMF's chief economist has warned that the global financial crisis is set to worsen and that the situation will not improve until 2010.

Comments (11)

Thomaspower,

Nov 23, 2008

oh dear, oh dear, oh dear I sense we are heading into something real bad here

J Deragon,

Nov 23, 2008

As I said earlier this month, we haven't seen anything yet.......

Turts,

Nov 23, 2008

This is the most frightening part - lack of confidence, leadership and grasp at the most senior levels. Not a surprise... many of these institutions are irrelevant and counter-productive to improving the lot of human beings.

Thomaspower,

Nov 23, 2008

@JDeragon do you think meltdown is coming in 09 Jay?

J Deragon,

Nov 23, 2008

I don't thnk the Kings of the Kingdoms will allow a global meltdown however they will use the treat of one to gain support to create a "new economic system" that we the people will have to participate in

Thomaspower,

Nov 23, 2008

@JDeragon maybe 30% sales tax and no more income tax is coming at last http://en.wikipedia.org/wiki/FairTax I can't see another system working in the long term.

Michaelslogan,

Nov 23, 2008

Is it now time to pay off debt, and go green?

Ketan,

Nov 24, 2008

Remember the old saying:"brave people works nicer in worst time"

Michaelfidler,

Nov 24, 2008

@thomaspower So much for optimistic!

Q: What do you get when you cross a wiseguy(mafia)with an economist?

A:You get an offer you can't understand!

The point being, is there are a lot of different opinions out there, and they can't all be right. Mine included. This is the type of thing that should help the market bottom soon!