BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[IMF: Global Financial System Hinders Economic Recovery]]>http://www.bloggingstocks.com/2010/10/05/imf-global-financial-system-hinders-economic-recovery/http://www.bloggingstocks.com/2010/10/05/imf-global-financial-system-hinders-economic-recovery/http://www.bloggingstocks.com/2010/10/05/imf-global-financial-system-hinders-economic-recovery/#commentsFiled under: ,

IMFAccording to the International Monetary Fund (IMF), the global financial system may be the biggest hindrance to a worldwide economic recovery. The IMF used its global financial stability report to make this announcement, one that suggests there isn't a lot of stability thanks mainly to the global financial system.

The IMF estimated that the writedowns attributed to the credit crisis were $2.2 trillion, lower than the $2.3 trillion originally projected in April.

Continue reading IMF: Global Financial System Hinders Economic Recovery

IMF: Global Financial System Hinders Economic Recovery originally appeared on BloggingStocks on Tue, 05 Oct 2010 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>economic crisiseconomic recoveryIMFInternational Monetary Fundinthenewsworld economic forumTue, 05 Oct 2010 11:00:00 EST<![CDATA[Greek Economy Shrinks]]>http://www.bloggingstocks.com/2010/09/08/greek-economy-shrinks/http://www.bloggingstocks.com/2010/09/08/greek-economy-shrinks/http://www.bloggingstocks.com/2010/09/08/greek-economy-shrinks/#commentsFiled under: , ,

U.S. markets sold off Tuesday amid fears of European debt defaults. On Wednesday, news that Greece's economy shrank by 1.8% in the second quarter didn't help ease those concerns.

Back in June, Greece was the center of a potential default crisis. The European Central Bank was forced to provide the member country with $140 billion in bailout funds. The bailout was orchestrated with the International Monetary Fund. Under the terms of the agreement, Greece was forced to impose austerity measures such as cutting public sector expenditures.

Continue reading Greek Economy Shrinks

Greek Economy Shrinks originally appeared on BloggingStocks on Wed, 08 Sep 2010 11:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>austerity measureseuropean central bankgreecegreek economyinternational monetary fundinthenewsWed, 08 Sep 2010 11:20:00 EST<![CDATA[The European Banking Crisis: An Overview]]>http://www.bloggingstocks.com/2010/05/02/european-banking-crisis/http://www.bloggingstocks.com/2010/05/02/european-banking-crisis/http://www.bloggingstocks.com/2010/05/02/european-banking-crisis/#commentsFiled under: , , ,

When the financial meltdown struck in the United States in 2008, the contagion quickly spread throughout the world, including the European Union (EU). However, unlike the Federal Reserve, which has unilateral authority to act on behalf of the United States, the EU has no such authority.

The EU barely survived 2008 and 2009. Then this year, Greece had difficulty refinancing its sovereign debt. Again, unlike the United States, where the debt came from financial institutions, in Greece the debt is government debt.

Continue reading The European Banking Crisis: An Overview

The European Banking Crisis: An Overview originally appeared on BloggingStocks on Sun, 02 May 2010 09:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>EUeuroEuropean Banking CrisisEuropean UnionGreeceGreek debtIMFInternational Monetary Fundinthenewssoverign debtSpainSun, 02 May 2010 09:40:00 EST<![CDATA[IMF Calls Appreciation of China's Yuan 'Highly Desirable']]>http://www.bloggingstocks.com/2010/04/22/imf-calls-appreciation-of-china-s-yuan-highly-desirable/http://www.bloggingstocks.com/2010/04/22/imf-calls-appreciation-of-china-s-yuan-highly-desirable/http://www.bloggingstocks.com/2010/04/22/imf-calls-appreciation-of-china-s-yuan-highly-desirable/#commentsFiled under:

Add the International Monetary Fund to the list of nations, institutions, and officials calling for China to let its currency appreciate.

The IMF, in its revised World Economic Outlook, said an appreciation of China's currency, "appears highly desirable on its own."

The group also said a shift in China's economy away from exports and toward domestic consumption, along with structural measures to decrease savings, would be preferred, as well.

Continue reading IMF Calls Appreciation of China's Yuan 'Highly Desirable'

IMF Calls Appreciation of China's Yuan 'Highly Desirable' originally appeared on BloggingStocks on Thu, 22 Apr 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dollarexportsIMFimportsInternational Monetary FundinthenewstradeyuanThu, 22 Apr 2010 18:00:00 EST<![CDATA[IMF Lowers Bank Financial Crisis Losses to $2.28 Trillion]]>http://www.bloggingstocks.com/2010/04/20/imf-lowers-bank-financial-crisis-losses-to-2-28-trillion/http://www.bloggingstocks.com/2010/04/20/imf-lowers-bank-financial-crisis-losses-to-2-28-trillion/http://www.bloggingstocks.com/2010/04/20/imf-lowers-bank-financial-crisis-losses-to-2-28-trillion/#commentsFiled under: ,

Tuesday's good news comes from the International Monetary Fund (IMF). Their latest forecast projects losses from the financial crisis to total $2.28 trillion, down $533 billion from the organization's October 2009 forecast.

And the reason for the improvement? You guessed it: the global economic recovery, which has reduced estimated bank write-downs and also improved bank capital positions, among other benefits. The IMF, in its revised Global Financial Stability Report, also cut its estimate for U.S. bank losses to $855 billion, down from a $1.03 trillion estimate in October 2009.

Continue reading IMF Lowers Bank Financial Crisis Losses to $2.28 Trillion

IMF Lowers Bank Financial Crisis Losses to $2.28 Trillion originally appeared on BloggingStocks on Tue, 20 Apr 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bank sectorbankscredit marketsIMFInternational Monetary FundinthenewsTue, 20 Apr 2010 18:00:00 EST<![CDATA[EU pledges $61 Billlion Support for Greece -- Germans Wise Up]]>http://www.bloggingstocks.com/2010/04/12/eu-pledges-61-billlion-support-for-greece-germans-wise-up/http://www.bloggingstocks.com/2010/04/12/eu-pledges-61-billlion-support-for-greece-germans-wise-up/http://www.bloggingstocks.com/2010/04/12/eu-pledges-61-billlion-support-for-greece-germans-wise-up/#commentsFiled under: ,

On Friday I sat at my desk ranting that Germany must help Greece without the International Monetary Fund. And over the weekend, the European Union finally drew up a plan to support its Greek brothers and sisters. This time, Germany is on board, bending to the ever-increasing pressure to do the right thing. However, the IMF was not left entirely out of the picture.

On April 11, the EU agreed to a Greek rescue package to subsidize Greek bonds at a 5% rate, about 20% less than current floating rates. The plan could cost 45 billion euros ($61 billion).

Continue reading EU pledges $61 Billlion Support for Greece -- Germans Wise Up

EU pledges $61 Billlion Support for Greece -- Germans Wise Up originally appeared on BloggingStocks on Mon, 12 Apr 2010 08:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>currency exchange rateEUEuroEuropean unionfeaturedGermanyGreek Bondsgreek debt crisisIMFInternational Monetary FundinthenewsMon, 12 Apr 2010 08:00:00 EST<![CDATA[Germany Must Help Greece Without IMF]]>http://www.bloggingstocks.com/2010/04/10/germany-must-help-greece-without-imf/http://www.bloggingstocks.com/2010/04/10/germany-must-help-greece-without-imf/http://www.bloggingstocks.com/2010/04/10/germany-must-help-greece-without-imf/#commentsFiled under: , , , ,

Angela MerkelGermany, the European Union member with the largest and strongest economy, should get off their high horse and support Greece, not the International Monetary Fund (IMF) -- which to a large extent is the United States.

Greece is on the brink of disaster and for some reason the German government, following the sentiments of the man on the street, is willing to let the chips fall where they may. They do not seem to be able to grasp that the EU ship can only sail in one direction at a time and that half a ship will not sail at all.

Continue reading Germany Must Help Greece Without IMF

Germany Must Help Greece Without IMF originally appeared on BloggingStocks on Sat, 10 Apr 2010 13:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>EUeuroEuropean unionfinancial crisisGermanygreecegreece bailoutIMFInternational Monetary FundinthenewsSat, 10 Apr 2010 13:40:00 EST<![CDATA[Greek Bonds Faltering -- Back to the EU Drawing Board]]>http://www.bloggingstocks.com/2010/03/31/greek-bonds-faltering-back-to-the-eu-drawing-board/http://www.bloggingstocks.com/2010/03/31/greek-bonds-faltering-back-to-the-eu-drawing-board/http://www.bloggingstocks.com/2010/03/31/greek-bonds-faltering-back-to-the-eu-drawing-board/#commentsFiled under: , , , , ,

Just last week I questioned why anyone would be interested in acquiring 10 year Greek bonds (Serious Money: Greek Bonds or High Yield Stocks) when there were so many alternatives. The answer is that not enough are, and that means to find a sufficient number of investors the yields are rising with continued upward pressure.

The pretend economic support of Greece by the European Union members and the International Monetary Fund (IMF), which is smoke and mirrors absent any guarantees or required concrete action, gives investors no confidence. If Greece's European partners are so concerned that Greece has the potential to falter in meeting its obligations, then why would anyone else have confidence?

Continue reading Greek Bonds Faltering -- Back to the EU Drawing Board

Greek Bonds Faltering -- Back to the EU Drawing Board originally appeared on BloggingStocks on Wed, 31 Mar 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>EUEU cooperationEuCooperationeuropeeuropean unionEuropeanUnionGreeceGreek BondsGreekBondsIMFinternational monetary fundInternationalMonetaryFundSheldon LiberSheldonLiberYieldWed, 31 Mar 2010 17:30:00 EST<![CDATA[Greek Debt Exposes European DisUnion]]>http://www.bloggingstocks.com/2010/03/23/greek-debt-exposes-european-disunion/http://www.bloggingstocks.com/2010/03/23/greek-debt-exposes-european-disunion/http://www.bloggingstocks.com/2010/03/23/greek-debt-exposes-european-disunion/#commentsFiled under: , , , ,

The economic debate among the European Union nations about how to handle the turmoil in the Greek economy and, subsequently, the Greek bond market casts greater doubt on the value of the euro and the EU with each passing day -- and they know it!

While the economic benefits of the Union are obvious and highly valuable the turmoil has turned a giant spotlight on the problems and conflicts that exist and will continue to exist for another century or more if not solved in a way that not only works for the EU but does not diminish the Euro in the slightest way.

Continue reading Greek Debt Exposes European DisUnion

Greek Debt Exposes European DisUnion originally appeared on BloggingStocks on Tue, 23 Mar 2010 15:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Chancelor MerkelEUEuroeuropean unionFranceGermanyGreecegreek debt crisisinternational monetary fundTue, 23 Mar 2010 15:40:00 EST<![CDATA[EU Is Not the United States of Europe]]>http://www.bloggingstocks.com/2010/03/18/eu-is-not-the-united-states-of-europe/http://www.bloggingstocks.com/2010/03/18/eu-is-not-the-united-states-of-europe/http://www.bloggingstocks.com/2010/03/18/eu-is-not-the-united-states-of-europe/#commentsFiled under: , , ,

California has a huge deficit and will not be going to the International Monetary Fund (IMF) for financial assistance. This is true of a dozen other states as well.

The European Union, which was established to compete with the economic clout of the United States, is looking like the European Dis-Union (EDU) -- currently "dissing" on the state of Greece. This EDU is a far cry from the good 'ol USA, which has plenty of economic and social strife of its own, but even under the most stressful times has demonstrated it takes care of its own.

Continue reading EU Is Not the United States of Europe

EU Is Not the United States of Europe originally appeared on BloggingStocks on Thu, 18 Mar 2010 12:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>common currencyEUeuroeuropean unionfeaturedGreek economyIMFinternational monetary fundUSAThu, 18 Mar 2010 12:00:00 EST<![CDATA[IMF's Strauss-Kahn Hints That Global Recovery Is Gaining Steam]]>http://www.bloggingstocks.com/2010/01/18/imf-s-strauss-kahn-hints-that-global-recovery-is-gaining-steam/http://www.bloggingstocks.com/2010/01/18/imf-s-strauss-kahn-hints-that-global-recovery-is-gaining-steam/http://www.bloggingstocks.com/2010/01/18/imf-s-strauss-kahn-hints-that-global-recovery-is-gaining-steam/#commentsFiled under: ,

The head of the International Monetary Fund said China and other emerging market countries are propelling a faster-than-forecast global economic recovery.

IMF Managing Director Dominique Srauss-Kahn strongly suggested that the organization would raise its 2010 global GDP growth estimate from the 3.1% forecast in October 2009, The Associated Press reported Monday.

Continue reading IMF's Strauss-Kahn Hints That Global Recovery Is Gaining Steam

IMF's Strauss-Kahn Hints That Global Recovery Is Gaining Steam originally appeared on BloggingStocks on Mon, 18 Jan 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>global recessionglobal recoveryGlobalRecessionGlobalRecoveryIMFInternational Monetary FundMon, 18 Jan 2010 17:30:00 EST<![CDATA[Good Year, Bad Decade for Europe]]>http://www.bloggingstocks.com/2010/01/03/good-year-bad-decade-for-europe/http://www.bloggingstocks.com/2010/01/03/good-year-bad-decade-for-europe/http://www.bloggingstocks.com/2010/01/03/good-year-bad-decade-for-europe/#commentsFiled under: , , , ,

Europe is hot, if you don't look too far over your shoulder. The Dow Jones Stoxx 600 Index played well through the stock market recovery of 2009, ticking up 28% (60% from its March 2009 low). This was the index's best annual performance in a decade.

Basic resources and banks gained 100% and 46%, respectively, this year, after having turned in dismal performances the year before. China helped, as well, with its elevated economic growth forecast good for another 0.5% gain during the shortened week of Christmas.

Continue reading Good Year, Bad Decade for Europe

Good Year, Bad Decade for Europe originally appeared on BloggingStocks on Sun, 03 Jan 2010 16:50:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>CAC 40citigroupdaxDow JonesDow Jones STOXX Indexequity marketeuropeftseFTSE 100Goldman SachsGSHong KongIcelandimfInternational Monetary Fundinthenewsnorwayportugalsingaporespainstock marketstock marketsstoxxStructured FinanceswedenSun, 03 Jan 2010 16:50:00 EST<![CDATA[New Investor Alert on Sovereign Debt]]>http://www.bloggingstocks.com/2010/01/02/new-investor-alert-on-sovereign-debt/http://www.bloggingstocks.com/2010/01/02/new-investor-alert-on-sovereign-debt/http://www.bloggingstocks.com/2010/01/02/new-investor-alert-on-sovereign-debt/#commentsFiled under: , , ,

First of all what is sovereign debt? Sovereign debt is created by the issuance of bonds by a country's government. When the financial meltdown occurred last year, governments around the world issued bonds to obtain money for their respective stimulus programs. The amount of debt (bonds) issued worldwide has been astronomical.

Now, investors around the world are worried that some countries are in danger of their bond markets collapsing or, worse case scenario, for the country to default on its bonds.

Continue reading New Investor Alert on Sovereign Debt

New Investor Alert on Sovereign Debt originally appeared on BloggingStocks on Sat, 02 Jan 2010 16:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bond marketsbond pricesbond yieldsEUEuropean UnionGreeceIMFInternational Monetary Fundsovereign debt worriesUKSat, 02 Jan 2010 16:10:00 EST<![CDATA[Gold closes at a record high of $1,212 per ounce]]>http://www.bloggingstocks.com/2009/12/02/gold-closes-at-a-record-high-of-1-212-per-ounce/http://www.bloggingstocks.com/2009/12/02/gold-closes-at-a-record-high-of-1-212-per-ounce/http://www.bloggingstocks.com/2009/12/02/gold-closes-at-a-record-high-of-1-212-per-ounce/#commentsFiled under:

The gold bugs are on the loose. Today gold shot up to another new high of $1,212 per ounce. So far this year gold has risen 34%.

Investors are looking for a safe haven and are running headlong into gold. Governments around the world are buying more gold, with India buying 200 metric tons from the International Monetary Fund. The US Mint has run out of gold coins. The situation in Dubai is up in the air.

Continue reading Gold closes at a record high of $1,212 per ounce

Gold closes at a record high of $1,212 per ounce originally appeared on BloggingStocks on Wed, 02 Dec 2009 17:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>futures marketsFuturesMarketsgoldindiainternational monetary fundInternationalMonetaryFundUS mintUsMintweak dollarWeakDollarWed, 02 Dec 2009 17:00:00 EST<![CDATA[Iceland is now open for business once more]]>http://www.bloggingstocks.com/2009/11/01/iceland-is-now-open-for-business-once-more/http://www.bloggingstocks.com/2009/11/01/iceland-is-now-open-for-business-once-more/http://www.bloggingstocks.com/2009/11/01/iceland-is-now-open-for-business-once-more/#commentsFiled under: , ,

You're now free to invest in Iceland ... should you be so inclined. On Sunday, the country will begin lifting its post-financial disaster capital controls, giving investors a bit more elbow room. Foreign currency investments coming in won't be subject to the existing controls.

According to a statement released by Iceland's central bank, "Investors are authorized, without restrictions, to convert into foreign currency the sales proceeds from assets in which they invest after Nov.1." The statement also said, "Previously, non-residents were fully authorized to transfer foreign currency deriving from interest and dividends on investments in Iceland."

Continue reading Iceland is now open for business once more

Iceland is now open for business once more originally appeared on BloggingStocks on Sun, 01 Nov 2009 12:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bailoutbankruptcydenmarkeconomyfinlandforeign currencyforeign exchangeicelandicelandic banksimfinternational monetary fundinthenewskronanorwaypolandreykjavikSun, 01 Nov 2009 12:00:00 EST<![CDATA[International Monetary Fund sees sluggish recovery]]>http://www.bloggingstocks.com/2009/10/01/international-monetary-fund-sees-sluggish-recovery/http://www.bloggingstocks.com/2009/10/01/international-monetary-fund-sees-sluggish-recovery/http://www.bloggingstocks.com/2009/10/01/international-monetary-fund-sees-sluggish-recovery/#commentsFiled under: ,

On Thursday, the International Monetary Fund (IMF) said the global economy will grow next year, but cautioned the recovery will be sluggish. The IMF added that the recovery could even "stall out" if policymakers assume the slump is over. The IMF's recent outlook, however, is better than July's outlook, as the IMF predicts better growth in 2010 thanks to "strong public policies ... that have supported demand and all but eliminated fears of a global depression."

As for the recovery, the IMF believes that it will be subdued and "well below" the growth seen before the economic crisis. The group added that there is a "significant risk" of a reversal, noting that central banks in advanced economies need to wait until the recovery is on firm footing.

Continue reading International Monetary Fund sees sluggish recovery

International Monetary Fund sees sluggish recovery originally appeared on BloggingStocks on Thu, 01 Oct 2009 09:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>economic recoveryEconomicRecoveryG-20 summitG-20SummitIMFInternational Monetary FundInternationalMonetaryFundinthenewsrecoveryThu, 01 Oct 2009 09:50:00 EST<![CDATA[World consumer confidence follows U.S. down]]>http://www.bloggingstocks.com/2009/07/15/world-consumer-confidence-follows-u-s-down/http://www.bloggingstocks.com/2009/07/15/world-consumer-confidence-follows-u-s-down/http://www.bloggingstocks.com/2009/07/15/world-consumer-confidence-follows-u-s-down/#commentsFiled under: , ,

I guess that when the United States sneezes, the world catches a cold. Consumer sentiment was announced to be circling the drain in the United States and the world economy dropped for the first time in four months.

The Bloomberg Professional Global Confidence Index fell to 39.13 this month - from 43.57 last month. Your benchmark: anything below 50 means that there are more pessimists than optimists. In the United States, index fell from 36.7 to 29.5, suggesting that we're more pessimistic than the rest of the world.

Continue reading World consumer confidence follows U.S. down

World consumer confidence follows U.S. down originally appeared on BloggingStocks on Wed, 15 Jul 2009 14:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bloomberg professional global confidence indexBloombergProfessionalGlobalConfidenceIndexconsumer confidenceconsumer sentimentConsumerConfidenceConsumerSentimentimfinternational monetary fundInternationalMonetaryFundinthenewsworld bankWorldBankWed, 15 Jul 2009 14:30:00 EST<![CDATA[Pakistan: Best bond investment this year]]>http://www.bloggingstocks.com/2009/06/18/pakistan-best-bond-investment-this-year/http://www.bloggingstocks.com/2009/06/18/pakistan-best-bond-investment-this-year/http://www.bloggingstocks.com/2009/06/18/pakistan-best-bond-investment-this-year/#commentsFiled under: , ,

Looking for a new emerging market? Try Pakistan! Despite a continued sense of tension with India and open hostility along the Afghan border, the country's bond market is the best in the world, according to data from JPMorgan Chase & Co. (NYSE: JPM). Debt sold by Pakistan has surged 88% this year -- topping the 45 emerging markets that JPMorgan watches and the 19 that Merrill Lynch & Co. (NYSE: BAC) follows.

And, the stock market may be next.

Money managers, according to a report by Bloomberg, believe that the Pakistani equity market could become the next global superstar. The Karachi Stock Exchange 100 Index is only trading at 9.6X earnings, making it the lowest in Asia (excluding Japan) . . . and this follows a 21% increase year-to-date.

Continue reading Pakistan: Best bond investment this year

Pakistan: Best bond investment this year originally appeared on BloggingStocks on Thu, 18 Jun 2009 11:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>credit marketcredit marketsdebt marketDebtMarketemerging marketemerging marketsfeaturedimfinternational monetary fundInternationalMonetaryFundkarachimoney managerspakistanstock marketThu, 18 Jun 2009 11:20:00 EST<![CDATA[IMF bond sale: Would that be a good thing?]]>http://www.bloggingstocks.com/2009/04/27/imf-bond-sale-would-that-be-a-good-thing/http://www.bloggingstocks.com/2009/04/27/imf-bond-sale-would-that-be-a-good-thing/http://www.bloggingstocks.com/2009/04/27/imf-bond-sale-would-that-be-a-good-thing/#commentsFiled under: , , ,

What does it mean when the International Monetary Fund (IMF) considers issuing bonds to raise cash? Obviously, the organization would be seeking more money to pursue its agenda, but what else could be inferred by this? How would the dynamics of world economic power wielding be affected? What effect could this have on the natural ebb and flow of free market capitalism? How would U.S. Treasuries be affected?

This possible bond issue was examined recently by Bloomberg.com. The Bloomberg article points to what I think is the most significant aspect that an IMF bond issue would present. I'm concerned that IMF bonds would directly compete with U.S. Treasury bonds. That possibility is fodder for a great deal of speculation.

Continue reading IMF bond sale: Would that be a good thing?

IMF bond sale: Would that be a good thing? originally appeared on BloggingStocks on Mon, 27 Apr 2009 17:10:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BloombergBloomberg.comIMFinternational monetary fundUS TreasuriesMon, 27 Apr 2009 17:10:00 EST<![CDATA[IMF now sees $2.2 trillion in toxic assets, 0.5% global GDP growth in 2009]]>http://www.bloggingstocks.com/2009/01/28/imf-now-sees-2-2-trillion-in-toxic-assets-0-5-global-gdp-grow/http://www.bloggingstocks.com/2009/01/28/imf-now-sees-2-2-trillion-in-toxic-assets-0-5-global-gdp-grow/http://www.bloggingstocks.com/2009/01/28/imf-now-sees-2-2-trillion-in-toxic-assets-0-5-global-gdp-grow/#commentsFiled under: , , , ,

In the economic analysis field, there are forecast revisions, and then there are 'gappers,' and Wednesday's IMF revision is definitely a gapper.

The International Monetary Fund now expects 2009 global GDP growth to total a scant 0.5% - - down from the 1.7% GDP growth it forecast in November 2008, as the bad debt-led U.S. recession contracts economies from Germany to Russia to emerging markets in Asia.

Further, the IMF also now sees 2009 bank losses from toxic assets totaling as much as $2.2 trillion, up from its previous $1.4 trillion estimate announced in October 2008.

Continue reading IMF now sees $2.2 trillion in toxic assets, 0.5% global GDP growth in 2009

IMF now sees $2.2 trillion in toxic assets, 0.5% global GDP growth in 2009 originally appeared on BloggingStocks on Wed, 28 Jan 2009 14:16:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Asiabank sectoreuro zoneEuropegdpIMFInternational Monetary FundinthenewsJapantoxic assetsU.S. economyWed, 28 Jan 2009 14:16:00 EST