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13 September, 2011

Economy: World Entering 'Dangerous New Phase'

More calls for even GREATER levels of ultimately disastrous government meddling.
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Economy: World Entering 'Dangerous New Phase' Says Lagarde - CNBC: "Christine Lagarde, the managing director of the International Monetary Fund, warned that the global economy is entering a "dangerous new phase" on Friday, ahead of the G7 summit in Marseilles, France.

She warned that both advanced and emerging economies faced key economic challenges, and that governments must 'act now' to stop further contagion..."

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