The IMF’s Warning
The IMF strikes again from Tokyo calling for swift action from European leaders to get their act together. The main problem, says IMF President Christine Lagarde, is that business owners and decision makers are not able to do their jobs properly with all this uncertainty in the markets.
Indeed, many corporations large and small are preferring to keep cash on hand rather than to hire more workers or re-invest in things like research and development.
Meanwhile, the major countries of the world are involved in a currency war in a strange competition to see who can de-value their currency the fastest. For example, America borrows money from China, but by the time they get around to paying it back, the Dollar is much weaker.
And who gets the short end of the stick…?
The savers of course. And since businesses are now part of this category, policy makers are really going to have to get their act together quickly in order to fix the cycle.
Sorry, this isn’t really a trading opportunity, just wanted to get it off my chest. Really appreciate you taking the time to read it and always enjoy the positive feedback you all have been sending.