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User Info IMF warns US against cutting deficit too fast in forum [FedUp]
Flappingeagle
Posts: 1229
Incept: 2011-04-14

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Ok, I enjoy a good laugh as much as the next man but this one almost killed me. Death from laughter.

http://news.yahoo.com/imf-cuts-us-growth....

Quote:
The International Monetary Fund on Tuesday pared its growth forecast for the US economy and warned that the Obama administration could be slicing the deficit too fast for the weak economy.


It sure like ANYTHING can and is put into print these days...

Enjoy your July 4th;

Flap

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Here are my predictions for everyone to see:
S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu.
"You can't build a house of cards on a shaking table." - Tony Johns
The January 2015 AMZN put at $130 (cost $4.25) will be a winner.
Jinxx0r
Posts: 4233
Incept: 2007-08-10
Silver
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Where is the deficit being sliced? I must have missed that somewhere. Or does slower rate of growth mean "sliced" in in banker?
Uwe
Posts: 6458
Incept: 2009-01-03
Gold A True American Patriot!
19446
Online
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Quote:
The International Monetary Fund [...] warned that the Obama administration could be slicing the deficit too fast for the weak economy.

inline

-Uwe-

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“Whenever the legislators endeavor to take away and destroy the property of the people, or to reduce them to slavery under arbitrary power, they put themselves into a state of war with the people, who are thereupon absolved from any further obedience.” - John Locke
Swingtrader
Posts: 9108
Incept: 2007-08-12
Green
United Oligarchic Goldman Sachs States of America
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linkedArticle wrote..
"Downside risks have intensified," IMF managing director Christine Lagarde said


I am realizing more and more that DSK was made a patsy to kill his political chances in the French election and to at the same time get Lagarde to head the IMF.

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Swing said "Well, it is collapsing as we watch.This is what it looks like." Australian federal judge Jayne Jagot, doing what US judges need to do!
Eighty6thebs
Posts: 4183
Incept: 2007-06-26
Green
It's contained to sub-prime!
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IMF....**** you.

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"Sounds to me like you guys a couple of bookies" - Billy Ray Valentine

"No I am not scared, and neither should you be!" - Iraqi Information Minister
Krzelune
Posts: 5513
Incept: 2007-10-08
Green
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these people are obviously not from this planet

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The desire of millions, the inconvenience of millions, the suffering of millions, the death of millions, does not concern them because of the evolutionary humanist lens they peer through.
Mo
Posts: 12158
Incept: 2007-06-26
Silver
Pa.
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Christine is going to wind up in the soup pots of people from Athens.

Even as it happens, she won't get what's going on.

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Welcome to Pottersville
Expy
Posts: 14672
Incept: 2007-09-05
Green
Start the Demonization -Libtards!
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HAHAHAHA!

IMF is outta touch.

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"IT'S THE INCOME/CASHFLOW SILLY"! {c expy smiley} Where will incomes, wages, and profits/revenues come from to recover the economy after the spiral down? Certainly not the "New Service Economy". W/out massive new debt creation, [unlikely], and useful productivity, the public and business are probably screwed by a

Lemonaid
Posts: 9881
Incept: 2008-01-20
Green
Metro Detroit
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Musical Chairs must continue until every seat is gone.

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"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." Ludwig von Mises
Asimov
Posts: 104066
Incept: 2007-08-26
Gold
East Tennessee Eastern Time
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Except they stopped using chairs some time back...

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It's justifiably immoral to deal morally with an immoral entity.
If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
Darth
Posts: 2182
Incept: 2009-07-07

SWVA - US
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The '0bama Administration' doesn't control the deficit. That would be the Congress.
Ghopper
Posts: 2317
Incept: 2011-06-11

Staten Island, NY
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Quote:
"The '0bama Administration' doesn't control the deficit. That would be the Congress."


Until an executive order gives him control.
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