The Pink Elephant In The Room
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Why not just elephant in the room, why need to be pink ... cause its more significant than just being an elephant in the room ... ITS PINK as well!!! And the bulk of developed countries are ignoring it, for their own benefit. Tharman is saying something very important, something that needs addressing and redress. My comments in blue. SINGAPORE (April 7): The world economy needs something like a modern-day Plaza Accord to safeguard growth against currency market volatility, according to Singapore’s Deputy Prime Minister Tharman Shanmugaratnam. The remarks by the Singaporean official, who is also a former finance minister, come a week before Group of 20 officials gather in Washington to discuss the state of the world economy. Similar calls ahead of a G-20 finance ministers meeting in Shanghai six weeks ago were rebuffed by top officials who said the world economy isn’t on the brink of crisis. “We can’t keep hoping that the US Fed will postpone normalization of i...