Stacy Summary: h/t to all that sent this in.
Head of IMF Proposes New Reserve Currency
Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar.
“That day has not [...]
Tags: global currency · imf
Stacy Summary: Eh?
The case for higher inflation
Tags: higher inflation · imf · krugman
Stacy Summary: Morning y’all! @Mike/Liverpool, another day closer to the Thing of Beauty.
UK economy lies on a ‘bed of nitroglycerine’
IMF says banks must raise billions more to fend off another crisis
Tags: banks · imf · uk economy
Stacy Summary: If Dominique Strauss Kahn is warning against it, then, presumably, he has been hearing national leaders floating the idea? Mind you, I don’t think the first bailout has yet stopped. Nor do I think a gold chart can tell you what is brewing down below.
IMF warns second bailout would threaten democracy
“Most advanced [...]
Tags: democracy · imf · second bailout
Stacy Summary: All are speaking as one on the dollar. (Sounds to me like they are encouraging more speculators to pile in on a ‘one way bet’.)
IMF says dollar funding carry trade, still overvalued
“There are indications that the U.S. dollar is now serving as the funding currency for carry trades,” the IMF said in a [...]
Tags: carry trade · dollar · imf
Stacy Summary: Comments, please.
Twilight of Pax Americana
Banks and traders threatened by new international tax plan drawn up by IMF
Tags: imf · pax americana · tax
Stacy Summary: Good morning all! What headlines are you reading?? I have lots more that I will update this post with as the day goes on.
The mysterious case of Government Sachs’ market manipulation machine
AIG seeks more taxpayer financed bonuses
Banks making a killing on buying back TARP warrants – (must read!)
IMF in talks to bailout 10 [...]
Tags: aig · goldman sachs · imf
Stacy Summary: I have included below a headline I covered yesterday about IMF stating that worst may lie ahead. @Russ objected to my headline of Strauss-Kahn’s statement. But, as you can see below, the Guardian interpreted his statement in exactly the same way that I did. What are your thoughts?
Worst days of US crisis may [...]
Tags: china · crop circle · imf · japan · recession · us treasury bonds
Stacy Summary: It’s been compared to the Great Depression, and, as with then, there are all sorts of claims that the worst is over. I think the next leg of the crash is about to begin soon. As with the Great Depression, the second leg down is when it gets really bad. What are you [...]
Tags: 5% chance · cbo · expat brits · imf · marc faber
Stacy Summary: Great Bloomberg headline in that it pretty much sums up the neo-liberal reality – catastrophe for workers is catastrophe averted for bankers & corporations. The problem with operating a giant global ponzi scheme with this paradox, however, is that the ponzis at the bottom of the pyramid need to earn something eventually [...]
Tags: corporate profits · financial system · imf · ireland · job cuts · unemployment
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