Christine Lagarde’s Warning

FT has an article today on Christine Lagarde’s warning

about a 30s style depression and that

faces the prospect of “economic retraction, rising protectionism, isolation and . . . what happened in the 30s [Depression]”

The video is below. Lagarde’s speech starts at 13:00 and ends at 25:25

Lagarde rightly stresses the “vast interconnectedness” between all economies and that that the crisis can be resolved only by all countries taking action.

Gillian Tett of FT wrote a bio of Christine Lagarde recently. It has more about her shoes than economics.

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