# p-trade: a completely counter-cyclical institution

<<  Knowledge@Wharton:  Of  all  the  things  that  you  do  here,  what  are  you  most passionate  about?  What  would  you  really  like  to  make  sure  happens?  It  could  be a  small  thing,  it  could  be  a  large  thing.  What  is  it  that  really  has  your  heart?

Lagarde:  That’s  complicated.  I  think  it’s  this  issue  of  relevance  …  that  is  of  real concern  to  me.  You  see,  this  is  a  very  fascinating  institution  because  it’s completely  counter-cyclical.  When  the  world  around  the  IMF  goes  downhill,  we thrive.  We  become  extremely  active  because  we  lend  money,  we  earn  interest and  charges  and  all  the  rest  of  it,  and  the  institution  does  well.  When  the  world goes  well  and  we’ve  had  years  of  growth,  as  was  the  case  back  in  2006  and 2007, the IMF doesn’t do so well both financially and otherwise. >>

Knowledge@Wharton. Christine Lagarde: Emerging Market Nations Will Get More Power in the IMF. Apr 03,  2012

http://knowledge.wharton.upenn.edu/article/christine-lagarde-emerging-market-nations-will-get-more-power-in-the-imf/

Tyler Durden. IMF’s Christine Lagarde: “When The World Goes Downhill, We Thrive”. Global Research, April 03, 2016

http://www.globalresearch.ca/imfs-christine-lagarde-when-the-world-goes-downhill-we-thrive/5518214

more:

http://flashontrack.blogspot.it/2016/04/p-eu-trade-ipotesi-e-vaticinio-di-chaos.html