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World economy still on life support: CNN

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posted on Apr, 17 2012 @ 05:10 AM

The world economy "remains on life support" from central banks and has deteriorated since last autumn, the latest Brookings Institution-Financial Times tracking index shows, despite some recent signs of stabilisation.

Economic weakness extends across the Group of 20 leading economies, according to the TIGER (Tracking Indices for the Global Economic Recovery) index, but advanced economies have deteriorated more than developing countries.

The index provides support for the message Christine Lagarde, managing director of the International Monetary Fund, sent last week that although there has been some improvement since the turn of the year, "the risks remain high, the situation fragile".

Professor Eswar Prasad of the Brookings Institution said: "The global economic recovery is still sputtering due to a lack of robust demand, policy tools that are stretched to their limits and unable to muster much traction, and enormous risks posed by weak financial systems and political uncertainty."

The real economy component of the index has been hard hit as growth prospects in Europe, already fragile after the 2011 crisis, have been further undermined by brutal austerity plans in many countries. "This is stifling growth, worsening debt to GDP ratios in the short run, and generating an unsustainable political situation at the domestic and pan-European levels," Prof Prasad said.

But it is not just the advanced economies that are suffering. The growth outlook in emerging markets has also deteriorated with industrial output falling short of expectations in all of the Bric countries -- Brazil, Russia, India and China.

"The burden of sustaining world growth is taking a toll on emerging market economies," Prof Prasad said.

With growth forecasts worse than six months ago, the upturn in confidence will need to be reflected in real recoveries soon if such confidence is likely to continue.

Well fancy an article presented with this gloomy tone coming from CNN. But the sections not cited are those that pump up the US economy as about the only economy in the world making good improvements.

It is a measured assessment though. Nothing too dramatic or alarming. Unlike some of the comments immediately beneath the article:

The World Economy is ready to TANK...big time.

Let me put all this into perspective for you folks, in a more lay mans language:

if you folks think this so far has been a royal "but F ing", think again, cause it was only the foreplay!!!

And! I just hate to say, the big crash is just around the corner, it's not man made, so it's hard to say just what day it's going to be, but I can say soon,

I sense the exact same thing...

posted on Apr, 17 2012 @ 05:41 AM

Originally posted by surrealist
The global economic recovery is still sputtering due to a lack of robust demand

Western governments have a choice to make. Cut taxes drastically and let people drive the economy; or continue siphoning the lifeblood from the system until it collapses. Governments are far too heavy for their economies and are only interested in self-preservation. They would sooner give the trillions they stole from the people to parasitic banks than allow the money to stay in the economy where it belongs.

posted on Apr, 17 2012 @ 10:06 AM
The dollar is on life support. The dollar is now worth 2 cents to the 1913 dollar. Not to mention that REAL wages (adjusted for inflation, CPI, etc) are also much much less. People used to be able to work one 40-60 hour job and earn a good living, but now people have to work two jobs to earn the same money to be able to purchase the same amount of food and it is only going to get worse. These gas prices are skyrocketing here in the USA. I remember when gas was 1 dollar a gallon 10 years ago.

posted on Apr, 17 2012 @ 02:43 PM
reply to post by THE_PROFESSIONAL

How do you the dollars value today? thanks.

posted on Apr, 19 2012 @ 07:11 AM
reply to post by KoolerKing

Not sure what you mean but do you mean how do you compare dollars today to a different one? Any time you measure the price of an object it must be measured in REAL dollars. Real in the sense that it takes into account inflation and multiple other variables.

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