The Other Corner

Thursday, July 15, 2010

Worldwide economic collapse?

Financial Crisis - World at Risk of Folding in on Itself: Deputy Doom - CNBC: "The global economy is at risk of folding in on itself unless policy makers face up to the threat of inflation and exchange rate inflexibility, according to Arun Motianey, director of fixed income strategy at Roubini Global Economics."

Now, I find Glen Beck's doom and gloom a little over the top at times, preferring instead to get my financial commentary from Lawrence Kudlow, who always finds a silverlining out there somewhere. But, that said, the MSM pundits were excoriating Beck last year for being a fearmonger when he sounded very similar warning last year. These articles seem to be more and more common in the MSM. So, now they're scaring me!

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