bbc.co.uk - 4/22/2009
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The International Monetary Fund has published some big and scary forecasts of losses banks and other financial institutions are likely to make in the coming couple of years. And the emergency service for the global economy has also made some...
krugman.blogs.nytimes.com - 4/27/2009
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krugman.blogs.nytimes.com —
Keiichiro Kobayashi accuses me of wanting to disregard
the problems of the banks and focus only on...
fiscal expansion. Actually, I've never said that; he seems to have me confused with Robert Reich, who has. But it's true that I'm a bit puzzled by the ...
(more)
Japan's recovery, again
ft.com - 4/22/2009
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ft.com —
What is with the International Monetary Fund? Its
star is ascendent since the Group of 20 nations...
tripled its resources earlier this month. Yet the IMF refuses to shine a hopeful light on the world. The more politicians talk up hopes of a recovery, ...
(more)
FT.com / Lex / Macroeconomics & markets - The gloomy IMF
mydigitalfc.com - 4/16/2009
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mydigitalfc.com —
India and China may press for the sale
of the entire gold reserves of the International Monetary...
Fund (IMF) to raise money for the least developed countries. The IMF holds 103.4 million ounces (3,217 tonnes) of gold that, if sold, can fetch about $100 ...
(more)
India and China want IMF to sell its $100b gold
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Links Earth Day
naked capitalism —
... Robert Green For Housing Crisis, the End Probably Isn’t Near David Leonhardt, New York Times. A new datapoint: auctions. Barclays' Massive Loan Pool Eludes Notice Dan Freed, The Street.com Is the American dream a nightmare? Susan Reed, Global Post Weak Fundamentals Suggest Oil Prices Will Remain Low Oxford Analytica (hat tip reader Michael) Commodities Boom and Bust Just History Repeating Itself Metal Miner IMF vs Treasury and FSA Robert Peston, BBC Let Insolvent Financial Firms Fail: Fed's ...
IMF and Table 1.8 gate
FT Alphaville —
... ): IMF stabilization costs original And here’s how the table changed overnight: IMF Table 1.8 - GFSR As can be seen, the IMF now puts the UK figure at 9.1 per cent, nicely in the middle of the government’s 6-13 per cent range. But note too how the estimates for the US and Canada have changed too. The BBC’s business editor Robert Peston aka ‘Pestowire’ soon took up the case, issuing the following treasury release on Pestowire: Specifically on the UK, the IMF estimates that the costs to taxpayers (or us) of bailing out our big banks will be 13.4 per cent of GDP or around ...
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VoxEU.org 1/2/2009 — Richard Baldwin , 1 January 2009 No one knows exactly how to stop the global economic crisis, but all agree that fiscal stimulus has a key role to play. By reducing the length and depth of the recession, it should reduce bankruptcies, foreclosures, ...
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Wayzata Donates To the Tarp-o-Meter —
The Big Money 4/21/2009
UPDATE (April 21, 2009): Yesterday morning, the TCF Financial Corporation ( TCB ) of Wayzata, Minnesota was cleared by the Treasury to return $362 million in TARP money . That's double down on funds repaid, and bumps the pool up to a little more ...
What Happens to Returned TARP Money? —
The Big Money 4/22/2009
Slate's Christopher Beam explains what happens to TARP money when it's returned to the Treasury. The short answer is that it stays in the TARP lending pool:
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