Saturday, January 25, 2014

Christine Lagarde talks Reset in Davos

At the World Economic Forum in Davos, Christine Lagarde of the IMF spends a few minutes giving her overview of the world financial situation.

She starts around the 5:30 mark of this video. She talks about 6 minutes. Interestingly, she spends that last couple of minutes talking about a RESET that needs to take place going forward. She does not use the term global currency reset. However, she does say a reset involves a reset in monetary policies, financial sector reforms, and "structural reforms necessary in all parts of the world".

You can decide what structural reforms in all parts of the world might include for yourself.

She also lists deflation and unknown market reaction to QE tapering as global risks.

The terms reset and deflation risk were tossed around quite a bit by the panel.

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