Thursday, 13 July 2017

IMF Managing Director Less Sanguine About Financial Stability Than Federal Reserve Chairwoman

As per CNBC, The International Monetary Fund's Managing Director, Christine Lagarde, has said that she would not rule out another financial crisis in her lifetime, indicating that comments made recently by Federal Reserve Chair Janet Yellen may have been premature.

"I plan on having a long life and I hope she (Yellen) does, too, so I wouldn't absolutely bet on that because there are cycles that we have seen over the past decade and I wouldn't exclude that," Lagarde said.

In this debate AA's money is on CMOL.  Hope yours is too.

Tip of AA's tarbush to CNBC for the phrase "may have been premature".

Previous post on Ms. Yellen here.

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