As discomfiting as it is to both market optimists and policy activists, a certain amount of instability is inherent to the economy.
Sentiment: NEGATIVE
So, there is enormous instability in the global economy with a shift of winners and losers.
Markets are frequently ahead of, and often out of sync with, the economy.
The markets don't like instability and they don't like uncertainty.
If we have major geographic areas within our continent that have a tremendous lack of economic opportunity, we found that that is going to produce instability _ economic, political and social.
Stability is necessary for our future economic success.
I put forward a pretty general theory that financial markets are intrinsically unstable. That we really have a false picture when we think about markets tending towards equilibrium.
In a global marketplace with its increased insecurities and - indeed often - volatility and instability, national economic stability is at a premium, the precondition for all we can achieve, and no nation can secure the high levels of sustainable investment it needs without both monetary and fiscal stability together.
Economic progress, in capitalist society, means turmoil.
There are still deep-seated structural problems that threaten the economic balance in the world: Between the United States and China, for example, but also within Europe. We have taken a few steps toward taming the financial markets, but we haven't come nearly far enough to rule out a repetition of the crisis.
If you're going to grow the economy, if people are going to have more income, you have to have stability in the marketplace.