Monday May 28, 2012

World may see 'collapse of demand': Lagarde

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International Monetary Fund Managing Director Christine Lagarde AFP

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  • -2

    Elbuda Mexicano

    OMG!! Everybody go out there and shop until you drop!!! I have a feeling that India and China will do just fine though, and time for Japan, USA, the EU to rethink their economic policies.

  • 2

    Wolfpack

    The West needs new leadership with vision or it could get ugly. Running back to Karl Marx at break neck speed is pure stupidity.

    "Well, so what? Let’s remove the clouds and remove the uncertainty! Easier said than done, and it requires clearly a collective action,” she said.

    It would be easier if the election was moved up a year and Obama could be voted out of office this November instead of next.

  • 1

    Lieberman2012

    As an American and a registered Democrat I would like to apologize to Europe and the world for the complete disaster that President Barack Obama has been. He is no JFK. He is no Bill Clinton. He is no Harry Truman.

  • 0

    globalwatcher

    'collapse of demand'

    Simply it translates to Depression.

  • 0

    noriyosan73

    Now all the people who bought gold are sitting on their pile just as the rich relative of Donald Duck did in the comics. Nobody can eat gold. In the USA many people believe the only metal to buy is copper clad lead. Maybe the Japanese should start stocking up on highly polished sharp steel since the self defense forces will not be able to protect them when the world economy completely fails.

  • 0

    noriyosan73

    Try this idea economist. If Japan and the USA give county X $8 billion is foreign aid, DEMAND that the country order a minimum of 25% of it in goods or services from that country. Just imagine Karsai ordering three hundred of Kabota built heavy equipment. And, if every country had that requirement , the unemployment rate would list only those too lazy to work. This idea is on President Obama's desk. and is waiting for a response. Anyone who wants to send it on to every member of the Diet is welcome to do so.

  • 1

    kurisupisu

    To live on this planet we should recycle,reduce and avoid buying -that is the way to save the (our) environment.

    The alternative is the end of the human race.............

  • 1

    Madverts

    Bah half the problem is the constant doom and gloom on the airwaves.

  • -4

    Lieberman2012

    We in America won't miss the EU.

  • 0

    Serrano

    No worries, the Chinese, with their voracious appetite for oil and worldly goods will fuel the world economy, right?

  • 0

    TumbleDry

    Lieberman: This is a really mature comment...

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