World economy in a new danger zone' 'World economy in a new danger zone' Mon Sep 5, 2011 5:29PM World Bank President Robert Zoellick The World Bank has warned that record-high food prices and the global economy have reached unsafe levels, pushing the world's most vulnerable people at risk. "The world economy is entering a new danger zone this autumn," AFP quoted World Bank President Robert Zoellick as saying at a conference in Beijing on the future of China on Saturday. The World Bank chief also called on the United States to “address its issues of debt, spending and tax reform to boost private sector growth and a stalled trade policy.
" Zoellick went on to urge China to accelerate its structural reforms which cater more towards its export-driven economy, and is less reliant on its domestic consumption. "China's structural challenges occur in a current international context of slowing growth and weakening confidence," Zoellick warned. He added that China would face further challenges in the years ahead. 9-21-11: George Soros Predicts Economic Collapse "WE WILL HAVE A DOUBLE-DIP"
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MACRO POLICY DEBATES. Bank bailouts, the gold standard & the US dollar -- Thom Hartmann & Michael Hudson. Robert Reich: Back Toward Double-Dip. The May jobs report is a disaster -- the weakest reading since September. Non-farm payrolls grew only 54,000 last month, according to the Labor Department's Bureau of Labor Statistics. Private employment rose only 83,000 -- the smallest growth since last June. Government payrolls dropped 29,000. The overall jobless rate rose to 9.1 percent. Together with plummeting housing prices, falling wages for non-supervisory workers, a paltry 1.8 percent growth in the first quarter, and a precipitous drop in consumer confidence, the picture should be clear to anyone able to see clearly. The recovery has stalled. We're not in a double-dip yet, but the odds are increasing. The question is whether all this will wake up Washington, and stop the monumental distraction of the games being played over the debt ceiling and long-term budget deficit.
The President cannot be reelected if the economy tanks. Several steps need to be taken right away. Just have to add a few more interesting updates from Roubini . . . ‘We will never go back to a gold standard.” 2012: What's the 'real' truth? To find out, I hold a finger in the breeze. Skip to content ← A word about market activity and economic news this morning – by ~Jean Fed Faces Hard Discussion in Run-Up to Jackson Hole, Pimco’s El-Erian Says → Just have to add a few more interesting updates from Roubini . . . Posted on August 16, 2011 by Jean Nouriel Nouriel Roubini Cato is libertarian: they would shut down any government agency @zerohedge Here is the scientific truth of “Price Stability” under the Fed 27 minutes ago Perry continues extremist campaign to de-legitimize Obama suggesting he doesn’t love America. 30 minutes ago We will never go back to a gold standard: good riddance as economy & markets were much more unstable & prone to crises during gold standard 35 minutes ago 40 years ago the Bretton Woods regime collapsed and the US went formally off gold. 1 hour ago dandrezner Daniel Drezner by Nouriel 1 hour ago 2 hours ago Share this: Like this: Related Pingback: Nouriel Roubini price discovery.
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