What is the real reason IMF's Lagarde is spouting off in the media?

Discussion in 'Markets & Economies' started by JulieW, May 26, 2012.

  1. Dogmatix

    Dogmatix Active Member

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    Am I the only one that thinks this is yet another public relations exercise? Like 100% of the things Bernanke says?

    If you can move the markets by merely talking about a particularly type of action/inaction, rather than having to actually commit to something, wouldn't you do it?

    If everytime you told your boss "the job market is looking tight" he/she gave you a payrise, would you ever actually 'ask' for a payrise? Sometimes the threat is enough.

    (Incidentally i'm not advocating telling your boss that... particularly not in this economic environment).

    Plus, how many times in history has a prominent figure said one thing and then almost immediately done the opposite, and got away with it? Every single time? Most of the time? Seriously there are virtually no consequences to her saying the IMF won't bailout Greece and then immediately bailing Greece out if the need arises. It's not like the world gets a vote on whether to keep the IMF or not, that's out of our immediate control. Same with Bernanke/the Fed... it's not like we get to vote for them, so all they have to do is to serve their masters.
     

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