BLOGMAN'S EDITORIAL: Why do the jokers at the IMF get paid big bucks (of our money) to state the obvious and provide ZERO solutions? They come out with the same tired old platitudes like 'Policymakers in Europe have to take immediate action to lead the region out of debt crisis'! Well the policymakers have been trying to lead Europe out of the debt crisis for years, and things only keep on getting worse! Does no one at the IMF have an iota of intelligence that the policies of the policymakers only make things worse, not better? How about just telling the policymakers not to pay the debts instead of taking on more debt? It amazes me to no end that the masses are so blinded that they cannot see that they are being led by the blind! And we know what happens when the blind lead the blind! That day of Reckoning of all the blind jokers falling into the deep dark ditch draw ever closer. Those with sight have been shouting for years that this day is coming yet the blind followers of the blind have shown themselves not just to be blind but to be deaf as well as our warnings have fallen only on deaf ears! How many people do you know, friends and family, who are willfully ignorant, choosing to believe CNN, the IMF and other lying jokers out there rather than your well reasoned and thought out conclusions. Oh well, Ignorance is not bliss, it is fatal! But we will keep trying to jolt one or two here and there out of their slumber, and the rest - well, we did what we could!
The International Monetary Fund has cut its global growth forecast and offered a gloomy prospect for the world economy if policymakers in Europe do not take immediate action to lead the region out of the debt crisis. In a mid-year update of its economic forecast, the IMF warned that the measures taken in Europe have not done enough to calm down the markets and restore growth. The IMF has maintained its forecast of 2012 economic growth at 3.5%, but it has cut its forecast of growth in 2013 to 3.9%, down from the estimate of 4.1%it made in April. In 2010, the world economy expanded 5.3%. “Clearly, downside risks continue to loom large, importantly reflecting risks of delayed or insufficient policy action,” the fund warned.