What is Macro Pulse?

Macro Pulse highlights recent activity and events expected to affect the U.S. economy over the next 24 months. While the review is of the entire U.S. economy its particular focus is on developments affecting the Forest Products industry. Everyone with a stake in any level of the sector can benefit from
Macro Pulse's timely yet in-depth coverage.

Monday, April 15, 2013

April 2013 Macro Pulse -- Post- or Pending-Crisis World?

In comments made on April 10 prior to the International Monetary Fund’s spring meeting, Managing Director Christine Lagarde warned the “model of too-big-to-fail (TBTF) [banks] is more dangerous than ever” and that it “ultimately destabilizes the economy. We simply cannot have pre-crisis banking in a post-crisis world” (emphasis added). We agree with the dangers of the TBTF banking model, but suspect Lagarde’s description of a post-crisis world is a bit premature. Instead, we would describe today’s world not as “post crisis” but “pending crisis” in light of the events swirling around the globe. For example….
Click here to read the entire April 2013 Macro Pulse recap.
The Macro Pulse blog is a commentary about recent economic developments affecting the forest products industry. The monthly Macro Pulse newsletter summarizes the previous 30 days of commentary available on this website.

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