IMF predict tougher recovery for world economy


The Global Financial Stability Report is issued usually annually. This issue has the sub text: Safeguarding Financial Stability amid High Inflation and Geopolitical Risk It is a long report and available at IMF. Here is the FT view. The IMF has warned of a “hard landing” for the global economy if persistently troublesome inflation keeps interest rates higher for longer and amplifies financial risks. On to the report. The beginning of IMF Executive Summary is reproduced here. It summarises at a high level although it leaves out some important aspects in particular the financial mismanagement of the failed banks; a … Continue reading IMF predict tougher recovery for world economy

US auto and bank crisis pulled together under Treasury Department | 15th Feb, 2009


In a fascinatingly shrewd move the Administration has tied the auto crisis and the banking crisis together by appointing a panel to oversee the “revamping” and that panel is chaired by Treasury Secretary Geithner – who obviously also has accountability for the banks. This makes eminent sense. To Fix Detroit, Obama Is Said to Drop Plan for ‘Car Czar’ | NY Times DETROIT — President Obama has dropped the idea of appointing a single, powerful “car czar” to oversee the revamping of General Motors and Chrysler and will instead keep the politically delicate task in the hands of his most … Continue reading US auto and bank crisis pulled together under Treasury Department | 15th Feb, 2009