World Economy At A 'Very Dangerous Juncture': IMF Chief -- Breitbart/AFPIMF chief Christine Lagarde warned Tuesday that the world economy is at a "very dangerous juncture," speaking of the potential impact on poorer nations during her first visit to Africa as head of the fund.
The International Monetary Fund managing director spoke of a crisis of confidence with high unemployment and slowing global growth.
"Currently the world economy stands at a very dangerous juncture," Lagarde told a roundtable on Africa's economic future in the Nigerian city of Lagos.
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My Comment: We have too much debt, and she is 'politely' telling the poorer nations to be prepared for cutbacks in aid and trade from the 'have' countries.
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