Tuesday, April 7, 2009
IMF director sees social disorder and military conflict without massive global stimulus
Dominique Strauss-Kahn, the managing director, said in February that the world was "already in Depression" and risked a slide into social disorder and military conflict unless political leaders resorted to massive stimulus.
Very sobering, to be sure. Don't expect anymore massive stimulus here in the U.S. unless things get a lot worse. Our flawed belief system precludes it.