The chief economist for the International Monetary fund, Olivier Blanchard, relayed the annual World Economic Outlook from the global organization at its meeting in Tokyo, which was somber in tone, and dire in its implications. All earlier growth forecast across the board were reduced, including emerging markets as well as developed economies. The current global growth forecast is 3.3 percent in 2013, down from an earlier projection of 3.5 percent.
The most alarming forecast by the IMF is for the Eurozone, which overall will experience zero growth. The major factor for the Eurozone’s flat growth projection is the fiscal consolidation occurring in many Eurozone economies, made essential by the acute sovereign debt crisis afflicting the monetary union, according to the IMF.
The transcending implication from the IMF’s latest forecast: the artificial “recovery” from the global economic crisis, which originated in 2008, is faltering. Furthermore, the supposed recovery was entirely dependent on massive sovereign debt financing, and with the inevitable fiscal consolidation now occurring, those economies are now at stall speed, and ripe for a double-dip recession, which is already occurring in many Eurozone economies.
WALL STREET KILLS--A CHILLING NOVEL ABOUT WALL STREET GREED GONE MAD
To view the official trailer YouTube video for “Wall Street Kills,” click image below:
In a world dominated by high
finance, how far would
Wall Street go in search of
profits? In Sheldon Filger’s terrifying novel about money, sex and murder, Wall Street has no limits. “Wall Street Kills” is the ultimate thriller about greed gone mad. Read “Wall Street Kills” and blow your mind.
The latest report from the World Economic Outlook, released by the International Monetary Fund, cuts its forecast on global GDP growth. Of greater importance is the focus the IMF placed on the Eurozone debt crisis. According to the IMF report, “The utmost priority is to resolve the crisis in the euro area.”
The IMF appears to be standing with those who are calling for the European Central Bank to replicate the loose monetary policies and money printing of the U.S. Federal Reserve and its chairman, Ben Bernanke. The report virtually pleads for the ECB president, Mario Draghi, to place his printing presses in overdrive.
“The ECB should ensure that its monetary support is transmitted effectively across the region and should continue to provide ample liquidity support to banks under sufficiently lenient conditions,” so says the International Monetary Fund in its report. It appears that the IMF is seeking Weimar style solutions to the European debt crisis, obviously forgetful of what those policies did for Germany in the 1920s and early 1930s.
WALL STREET KILLS--A CHILLING NOVEL ABOUT WALL STREET GREED GONE MAD
To view and listen to the YouTube video audio excerpt “Wall Street Kills,” click image below:
Sex, murder, financial power and pathological greed come together in the explosive suspense thriller by Sheldon Filger, WALL STREET KILLS: A NOVEL ABOUT FINANCIAL POWER, VIOLENT SEX AND THE ULTIMATE SNUFF MOVIE.
This video provides a free audio reading from chapter one of “Wall Street Kills.” The scene depicted involves two characters from “Wall Street Kills” having a business conversation in a Los Angeles suburb. One character is Peter Hoffman, director of new business development for a secretive Wall Street hedge fund and private equity group. The other character is Daniel Iachino, president of a major independent film company specializing in “adult entertainment” for niche markets. Hoffman is on a mission to investigate if portraying unsimulated violent death in the
form of entertainment would be a lucrative business investment. The conversation between the two men quickly focuses on the phenomenon of snuff movies.
