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USA:  Banana Republic
USA: Banana Republic
One of the best articles we've read in a long time, written by Simon Johnson, the former chief economist of the IMF (2007-2008). Take a minute or two and read the article in its entirety. We've highlighted the parts that held the most interest to us: The Quiet Coup O ne thing you learn ...
Toxic debts could reach $4 trillion, IMF to warn
business.timesonline.co.uk — Toxic debts racked up by banks and insurers could spiral to $4 trillion ( 2.7 trillion), new... forecasts from the International Monetary Fund (IMF) are set to suggest. The IMF said in January that it expected the deterioration in US-originated assets ... (more) Toxic debts could reach $4 trillion, IMF to warn
The G20 Communique: A Viewer’s Guide
baselinescenario.com — The draft G20 communique , as published on the FT’s website, is not encouraging. To be sure,... there are humorous moments, such as: each of us commits to candid, even-handed, and independent IMF surveillance of our economies and financial sectors, of the impact of our policies on others, ... (more) The G20 Communique: A Viewer’s Guide
What Next For Banks?
baselinescenario.com — The case for keeping banks in something close to their current structure begins to take shape. It’s... not about traditional claims that big banks are more efficient, or Lloyd Blankfein’s argument that this is the only way to encourage risk-taking, or even the House Financial ... (more) What Next For Banks?
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The Quiet Coup, Indeed...
Dinosaur Trader — ... Anyway, it will take some time, but read the following article in its entirety to get a very unbiased opinion on how our financial system got into its current mess and what we're going to have to do to get out of it. ...

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