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

click to watch the video on YouTube

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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