thedailybell.com / By Staff Report / MONDAY, JUNE 17, 2013
IMF warns US economic recovery has been slowed by ‘ill-designed’ cuts but warns Congress against spending less on infrastructure and education … IMF managing director Christine Lagarde said: ‘The IMF’s advice is to slow down but hurry up.’ … The International Monetary Fund said [...]
jessescrossroadscafe.blogspot.com / By Jesse / June 14, 2013
The BRICs can call for whatever they wish, but until they find some way to apply more effective pressure on the Anglo-American banking cartel and their politicians, they are not going to get much of anything.
Their own people cannot get much of anything [...]
kingworldnews.com / June 14, 2013
On the heels of the IMF warning the U.S. about the danger of ending QE prematurely, today Egon von Greyerz told King World News that silver is now ready for a major upside explosion in price. Greyerz also discussed the possibliity of a collapse in China as [...]
zerohedge.com / By Tyler Durden / 06/12/2013 08:43
Submitted by Mark J. Grant, author of Out of the Box,
Five Eurozone countries now have loans for half a trillion Euros.
These members of the Euro currency union are receiving loans from the one of two bailout funds which are financed by the other 12 [...]
dailyreckoning.com / by Greg Guenthner /June 10, 2013
Japan’s trying to claw itself out of the hole today. The Nikkei—which officially entered bear market territory last week—rocketed nearly 5% earlier today.
On the flip side, Greece is crashing. Here’s the scoop via Business Insider:
“In Athens, the Greek stock market is down 5.8% today [...]
zerohedge.com / By Tyler Durden / June 10, 2013, 08:02 -0400
The last time we encountered the name Stephane Richard, CEO of France Telecom Orange, he was deflecting poor iPhone sales on frugal customers. While we don’t know if French customers have become less frugal in the past two months, we do know that Mr. [...]
zerohedge.com / By Tyler Durden /06/09/2013 19:15
Just six short months ago (before GGBs rallied 119% and the Athens Stock Index 53%), the EU and IMF agreed on Greek Debt/GDP targets, pronounced the nation “fixed”, and went on winter vacation. Well, surprise, the hockey-stick of expected GDP has not come to pass and now, as [...]
yanisvaroufakis.eu / By Yanis Varoufakis / June 9, 2013
DW’s most recent Top Story focused on the IMF’s report of Greece, and its famous Mea Culpa. DW quotes my view that ”… IMF economists are considering an exit from the Troika and are now paving the path for it… They don’t want [...]
acting-man.com / By Pater Tenebrarum / June 7, 2013
‘Serious Errors’ and ‘Crying Need’
Someone at the IMF has leaked a a document marked ‘strictly confidential’ to the press, which contains an internal critique of how the IMF handled the bailout of Greece. In spite of admitting to breaking the institution’s own rules, the [...]
goldsilverworlds.com / By Gold Silver Worlds / June 7, 2013
According to the Financial Times, the International Monetary Fund (IMF) has published a report in which it admits miscalculations about Greece’s first €110bn bailout. In particular, their economic forecasts were too optimistic. On top of that, it appears that the IMF wasn’t alone, but that [...]
yanisvaroufakis.eu / By Yanis Varoufakis / June 6, 2013
The IMF’s recent report on Greece constitutes the culmination of the Fund’s Mea Culpa regarding its complicity in a series of toxic bailouts that have contributed to the unfolding Kossovisation of the Eurozone’s Periphery. Back in March 2012 this blog reported on a preemptive strike by [...]
jsmineset.com / by Jim Sinclair / June 6th, 2013 at 10:15 AM
My Dear Extended Family,
“The report is likely to become a textbook case for all large IMF rescues in the future, with the fund demanding greater losses for private creditors, more realistic growth and debt forecasts, and changes when it operates inside [...]
thedailybell.com / By Staff Report / June 6, 2013
IMF: Our Greek bailout was full of ‘notable failures’… The International Monetary Fund has published a scathing internal self-assessment of its bailout of Greece three years ago. It isn’t pretty. The IMF underestimated the damage that fiscal austerity would do to the Greek economy in [...]
zerohedge.com / By Tyler Durden / 06/05/2013 20:19
As we reported earlier today, in somewhat surprising news, the IMF admitted that not only is it an idiot (this was public knowledge) but also a liar (curious, as no “serious people” do this in polite company and certainly not publicly).
Subsequently, it released the full 51 [...]
zerohedge.com / By Tyler Durden / June 5, 2013, 06:50 -0400
That deep red premarket color on your terminal means it must be a non-Tuesday. Just kidding.
Anyone expecting Abe to announce definitive, material growth reform instead of vague promises to slay a “deflation monster” last night was sorely disappointed. The country’s PM, who may [...]
globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / June 03, 2013 5:08 PM
With most of Europe in a nasty recession, and significant parts of it (Spain, Greece, Cyprus, Italy) in an outright economic depression, I wonder why it took so long for the IMF to Reduce Germany GDP Forecast.
marketoracle.co.uk / By Robert M. Williams / Jun 02, 2013 – 02:07 PM GMT
You’re not to be so blind with patriotism that you can’t face reality. Wrong is wrong, no matter who does it or says it. – Malcolm X
Over the last couple of months we’ve heard the IMF, ECB and US Federal [...]
globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Sunday, June 02, 2013, 12:01 AM
Average Swede to Repay Mortgage in 140 Years
Swedish repay their mortgages so slowly that it will take 140 years on average, according to the IMF.
The International Monetary Fund lamented Friday that Swedish households pay their mortgages [...]
jessescrossroadscafe.blogspot.com / By JESSE / June 1, 2013, 3:36 PM
There should be no doubt in anyone’s mind that the fundamentals for world gold supply and demand have changed dramatically over the past ten years at least.
The world’s central banks, most significantly in the West, had been selling bullion from their central bank reserves [...]
zerohedge.com / By Tyler Durden / June 2, 2013, 11:37 -0400
Over three months ago in “South Korea Starts Currency War Rumblings; Has Japan In Its Sights” we showed that the one nation with the biggest sensitivity to Japan’s currency-destructive and export-promoting Abenomics policy is its close neighbor, South Korea. With nearly 60% of SK’s [...]
caseyresearch.com / By Chuck Butler / May 31, 2013, 1:29pm
Good day. And a Happy Friday to one and all! Using your best Rocky the Flying Squirrel voice. And now a word from Mr. Know-it-all! HA! As if! Right? I say that in jest, because I called one thing right yesterday, that led to another [...]
trueeconomics.blogspot.com / By Dr. Constantin Gurdgiev / Thursday, May 30, 2013
Recently, I wrote about the monetary policy exit dilemma (here) on foot of IMF research. This week, BIS published another paper on the issue of long-term interest rates problem presented by the need to eventually unwind the extraordinary monetary policy measures (including this). Do [...]
forbes.com / By Agustino Fontevecchia / May 28, 2013
While investors across the globe applaud Bernanke and other central bankers for pushing stock markets to record highs, retail investors and savers in Spain are facing massive losses. Markets appear to have forgotten Europe’s sovereign debt crisis and the woes in Spain: on Tuesday, new shares [...]
thedailybell.com / By Staff Report / THURSDAY, MAY 30, 2013
Is the Dollar Dying? Why US Currency Is in Danger … The U.S dollar is shrinking as a percentage of the world’s currency supply, raising concerns that the greenback is about to see its long run as the world’s premier denomination come to an end. [...]
zerohedge.com / By Tyler Durden / May 29, 2013, 06:58 -0400
This morning market participants turn on their trading terminals to see an unfamiliar shade of green: red.
Following yesterday’s blow out in US bond yields, which have continued to leak wider and are now at 2.20% after touching 2.23%, the overnight Japanese trading [...]
goldsilverworlds.com / By Gold Silver Worlds / May 28, 2013
According to the latest report from the IMF, central banks of Turkey, Russia, Kazakhstan and Azerbaijan have increased their gold reserves last month with some 30 tonnes. The latter three have added 75% more gold in April than they did in March.
Russia bought 269,000 [...]
acting-man.com / By Pater Tenebrarum / May 28, 2013
Corrigan: The Many Inconsistencies of Abe’s Policy
Readers of this blog are well aware of a number of key points we have made for a good while now, among others the one (which you’d think should be fairly obvious, but you’d be surprised…) [...]
thedailybell.com / By Staff Report / MONDAY, MAY 27, 2013
Demo Against Monsanto??• Why do we demonstrate? ?-To support organic and small farmers who suffer losses whilst Monsanto patent rights over seeds ?-To spread awareness about the serious health conditions that Monsanto’s GM food can lead to?-To protect our bee population that has been [...]
goldcore.com / By Mark O’Byrne / May 27, 2013
Russia, Greece, Turkey, Kazakhstan and Azerbaijan expanded their gold reserves for a seventh straight month in April, buying bullion to diversify foreign exchange reserves due to concerns about the dollar and the euro.
Russia’s steady increase in its gold reserves saw its holdings, [...]
truthingold.com / By truthing / May 27, 2013, 06:53
Russia, Kazakhstan and Azerbaijan boosted their gold holdings in April, a month that saw prices plunge to two-year lows in a pullback that raised questions over the metal’s safe-haven status but also offered an opportunity to buy into the market at lower levels.
The International Monetary [...]