IMF economist: Global economy is on brink of “systemic meltdown”
Progressives in the United States know - or should know, by this late date - that the stories that the corporate media chooses to cover the most are not necessarily the most important. This weekend, as many people are still reeling from the consistently bad to worse to worst news about the economy, there is a rather stark omission from the “top stories” being followed in the U.S. media: the news that the head of the International Monetary Fund said yesterday that the world is on the brink of global economic collapse, while his chief economist predicted that the stock markets would lose another 20% of their value before the situation “stabilized.”
[continued at Two Good Hands]
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