No, really. Just ask her:
"Putting this all together in a globalized world is a headache," she said about financial regulation. "And yet, it must be done - nothing less than global financial stability depends on it."
She has many ideas – as you would expect from a global savior – about how to go about this, as well as some mild criticisms for actions she views as counter to her work of salvation.
Failure to raise the U.S. debt ceiling could damage not only the United States but the rest of the global economy, International Monetary Fund chief Christine Lagarde said on Thursday.
Too much belt tightening (well, if you consider going from trillion-dollar-plus deficits to something less than trillion dollar deficits “belt tightening”)?
She said growth in the United States has already been hurt by too much fiscal consolidation….
More money printing?
Turning to the rest of the world, Lagarde pointed to signs of progress in the eurozone and Japan, but said transitions to more stable growth may take a while.
A completely irrelevant analogy, typical of airbag commentaries regarding the economy?
She said the eurozone "came up for air" in the spring after six quarters of recession….
Contradictory recommendations designed for future CYA? Fear deflation like the devil?
Japan also seems to be having success with its massive monetary stimulus to boost the economy out of decades of deflation and lagging growth, boosting GDP by about 1 percent.
"Deflation is coming to an end and a newfound optimism is in the air," she said, adding that Japan must still implement a credible plan to bring down its debt and reform entitlements.
Check and check.
Last, but not least, calls for global government?
Finally, she called on governments to better work together on reforming the financial sector, calling progress too slow, partly due to divergences among different countries.
Thank god (her god, not mine) that Christine is willing to suffer headaches for the benefit of saving the world.
Too bad the ailment isn’t a bit more debilitating for her and all such self-proclaimed saviors.