Monday, October 31, 2016

Further Proof

 http://ei.marketwatch.com//Multimedia/2016/10/31/Photos/ZH/MW-EZ076_car_cr_20161031095640_ZH.jpg?uuid=d938142c-9f71-11e6-bd03-001cc448aede
The MSM scaremongers never tire. Here's a piece from MarketWatch about the stock market crashing if Trump gets elected.

The truth is the market's overdue for a crash no matter who gets elected. And most of the blame sits at the doorstep of incompetent, overzealous central bankers who are clueless. Just more front running for Hillary.

What's even more interesting is that the author citing the International Monetary Fund as if that organization of globalists had any real credibility remaining. The IMF's leader Christine Largarde herself is under suspicion for official malfeasance when she was in a previous government post.

We don't know what reliable insights this writers finds in the IMF--it was  probably an editorial assignment where he was told to write something positive for Hillary--but our experience over the years has, to be kind, found the organization wrong as much as its been correct. That's hardly a very good return on investments given the expensive bureaucratic layers of an organization that was created to aid the global transition after WW II and has far outlived and outgrown its usefulness. Further proof of once a government or quasi-government outfit gets in motion.
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There is always a great deal of insight in the International Monetary Fund’s semiannual economic outlook, which is based on detailed data from around the world. And, because the latest version was published in early October, it is particularly relevant. (I was previously the IMF’s chief economist and oversaw the forecasting process, but I left that position in August 2008.)

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Table 1.1 of the Fund’s World Economic Outlook covers the main points: a baseline forecast of 3.1% global GDP growth this year and 3.4% in 2017. This represented a nudge down from the projections in April, with signs of weakening perceived in the U.S., the eurozone, and of course the United Kingdom (grappling with the consequences of impending Brexit — the big and potentially traumatic step of leaving the European Union).

marketwatch.com/story/the-stock-market-could-crash-if-donald-trump-is-elected-2016-10-31 

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