dealbook.blogs.nytimes.com - 1/29/2009
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"The I.M.F. does not have enough money for what is coming," said Guillermo Ortiz, the governor of Mexico's central bank.
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Readings 01/29/09
Paul Kedrosky's Infectious Greed —
... Bailouts, Ponzi Schemes and Green Issues (Wilmott) Putin’s shrinking reserves (FT) Corporates and more corporate issues (Accrued Interest) Draft law would ban most trading in credit swaps (Bloomberg) Treasuries face biggest monthly loss since 2004 (Bloomberg) Selection Bias at Conferences (Falkenblog) The IMF doesn't have enough money for what's coming (NYT) Consumers Cut Back: Retail Sales Change As Value Trumps All (Nielsen ...
The IMF runs out of cash
FT Alphaville —
Guillermo Ortiz, the governor of the Mexican central bank said at Davos the other day, The IMF does not have enough money for what is coming. Turns out he’s right. Whereas two years ago the viability of the IMF was coming into question because it simply wasn’t making any money (no one wanted a loan), now the situation has been somewhat precariously reversed. ...
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