The archive is catalogued by 'Politics', 'Economics', 'Mockery', 'In other news' and 'On other things' 


"Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world" - Henry Kissinger

and yet...

"Sooner or later everyone sits down to a banquet of consequences" – Robert Louis Stevenson

IMF predicts pick-up in global economy despite market turmoil

In response to an article by Chris Giles on 19th January 2016, entitled 'IMF predicts pick-up in global economy despite turmoil'

"Downplaying the worst start to the year on record in US equity markets, the fund thinks financial markets are “overreacting” and expects rich and poor countries alike to enjoy faster growth rates in 2016 than in 2015...Many financial market participants are much more downbeat about China’s prospects but Maurice Obstfeld, IMF chief economist, told the FT the fund was “sticking to its guns”.

I will keep this quote in the expectation that it will come in useful over the next couple of years...serving to remind me that whatever solutions the IMF unveils to get us out of the unfolding crash it is currently denying...are likely to be as 'crap' as its current grasp on reality.

Martin Wolf ponders the turbulence

Hardworking elites need entertainment - bring on the central bankers