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

Jamie Dimon’s annual Letter to Shareholders 2022 – part 2, final


— Here are my notes and thoughts on the banking turmoil section of the JP Morgan letter. The piece of the letter that addresses the Banking crisis is thoughtful and carefully worded. It jumps off the page that Dimon sees a desperate need for agreement between regulators and banks as to role of banks, what we see as their role and finally the need to include shadow banking which form a larger than life part of the financial system. Rana Foroohar of FT wrote on this just yesterday. When the pandemic hit (2020), non-banks such as hedge funds and open-ended … Continue reading Jamie Dimon’s annual Letter to Shareholders 2022 – part 2, final