by Mike ‘Mish’ Shedlock
IMF chief Christine Lagarde is worried that public finances around the world threaten to undermine the global recovery.
Despite deteriorating finances, the IMF urges strong countries to spend more and the weaker ones to cut budgets less.
The US allegedly has “strong finances”.
Before we get into US finances, please consider IMF Fears Worsening Public Finances Threaten the Recovery.