“Once we squeeze all we can out of the United States, it can dry up and blow away”
So That’s What Volatility Looks Like
4 days ago
“Growing inequality in wealth, income, and opportunity in many countries has added to a groundswell of discontent, especially in the industrialized world -- a growing sense among some citizens that they ‘lack control,’ that the system is somehow against them,"....
History has shown that closing borders and increasing protectionism isn’t the solution, she said. Instead, countries need to extend the benefits of openness and integration, while alleviating the side effects, Lagarde said. “We need to make globalization work for all.”