IMF's Lagarde: Global Economy Sees 'Dark Clouds on the Horizon'

Watch Lagarde: Global Economy Sees 'Dark Clouds on the Horizon' on PBS. See more from PBS NewsHour.

CHRISTINE LAGARDE, managing director, International Monetary Fund: We are seeing a light recovery blowing in a spring wind, but we're also seeing some very dark clouds on the horizon.

Read more


P.S.
What a difference a year makes?  Last year it was "The Arab Spring" for several North African countries and Middle Eastern nations; This year Christine Lagarde, the new HEAD of the IMF, is talking about "a light recovery in a spring wind...also seeing some very dark clouds on the horizon."   
Remember all the jubilation because there would finally be freedom in those Muslim places?  Well, this Spring, the powers that be, are not as enthusiastic.  Remember DSK: Dominique Strauss-Kahn (Tenth Managing Director of IMF), who was swept from his leadership role by a convoluted sex scandal?  Well, the man who became so famous they gave him initials to facilitate his descent from popularity to notoriety;  DSK has ever since been replaced by Christine Legarde, who is now giving the GLOBAL ECONOMY a bleak forecast.  I think back on how optimistic she was when she replaced DSK, after his fall from grace (in disgrace).  Funny how things change in one year?  Funny, but, It's not really funny at all since there are some shenanigans going on in high places.... We see some strange bedfellows....
Speaking of which there is another salacious HETEROSEXUAL SEX SCANDAL in the headlines; This time it is the Secret Service that is in the Cross-Hairs. Ain't that peculiar?

The more things change, the more they stay the same.

Spring  Wind?  Very Dark Clouds?
What else is new?  What else is news?


.