Financial Imbalance

[RCastell]

The IMF chief, Rodrigo Rato, warned yesterday, "If policies do not
adapt, do not change to react to these imbalances, we run the risk of
an abrupt correction of the markets ... [when] confidence for different
reasons could evaporate or could be reduced," he told reporters.

Rato gives the reasons for possible imbalances as U.S. deficits, weak
growth in Europe, low savings of U.S. consumers, and rigid exchange
rates for Asian currencies. Could we be heading for an adjustment, and
why is this for the most part being ignored in the States?

www.metalbug.net - Dedicated to the preservation of Wealth