Former IMF Chief Economist Warns “If Stock Slump Lasts Longer, Will Become Self-Fulfilling”
by Olivier Blanchard via The World Economic Forum,
ZeroHedge.com
01/19/2016
“If, however, the stock market slump lasts longer or gets worse, it can become self-fulfilling,” former IMF Chief Economist Olivier Blanchard tells his fellow Elite in Davos this week. Somebody has to do something! However, Blanchard warns, “The ability of the Fed, fresh out of the zero lower bound, to counteract a slowdown in demand remains limited.”
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