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Tag Archives: international monetary fund
Calls For Global Debt Jubilee Grow Louder As ‘Anything Goes’ Policy Mania Takes Over
Calls For Global Debt Jubilee Grow Louder As ‘Anything Goes’ Policy Mania Takes Over About 140 global organizations and charities are calling for a worldwide Debt Jubilee to avoid some of the world’s poorest countries from collapsing into chaos amid the COVID-19 crisis, reported BBC News. The British-based Jubilee Debt Campaign is leading the movement ahead […]
IMF Prepares $1 Trillion Bazooka
IMF Prepares $1 Trillion Bazooka The IMF has just fired off a trillion-dollar “bazooka” of its own Monday morning. In a blog post published minutes ago, IMF Director Kristalina Georgieva issued three “policy prescriptions” that she said should define a “coordinated response” from the developed economies in Europe and the US. In addition to declaring that the […]
Are the World Elite Using a Rise in Nationalism to Reassert Globalisation?
Are the World Elite Using a Rise in Nationalism to Reassert Globalisation? Putting yourself in the mind of someone who commits an act of illegality is perhaps the only way we can begin to understand the motivation behind the transgression. A common reflex reaction to the most heinous of crimes is to simply call for the […]
IMF Slashes Global GDP Forecast For 6th Consecutive Time, Warns “Climate Change” Will Hit Economy
IMF Slashes Global GDP Forecast For 6th Consecutive Time, Warns “Climate Change” Will Hit Economy After the IMF cut its global economic outlook for 2019 to 2.9% in October, the lowest since the financial crisis, and warned that global trade growth would be “close to a standstill”, moments ago the IMF once again downgraded its […]
IMF Chief Warns Global Economy Faces New “Great Depression”
IMF Chief Warns Global Economy Faces New “Great Depression” How’s this for some New Years optimism? The new head of the IMF, who took over from Christine Lagarde in November, warned that the global economy could soon find itself mired in a great depression. During a speech at the Peterson Institute, IMF Chairwoman Kristalina Georgieva […]
The Allure and Limits of Monetized Fiscal Deficits
The Allure and Limits of Monetized Fiscal Deficits With the global economy experiencing a synchronized slowdown, any number of tail risks could bring on an outright recession. When that happens, policymakers will almost certainly pursue some form of central-bank-financed stimulus, regardless of whether the situation calls for it. NEW YORK – A cloud of gloom […]
Innovation BIS 2025: A Stepping Stone Towards an Economic ‘New World Order’
Innovation BIS 2025: A Stepping Stone Towards an Economic ‘New World Order’ The IMF’s annual meetings held in Washington DC last week demonstrated that when the institution issues new economic projections or warnings of a downturn, the mainstream press are not averse to giving them prominent coverage. After the Fund was founded in 1944 (off the […]
“Close To A Standstill”: IMF Warns Global Growth Will Be Cut To Lowest Since Lehman
“Close To A Standstill”: IMF Warns Global Growth Will Be Cut To Lowest Since Lehman Don’t expect any good news next week when the IMF holds its annual meeting and releases its latest World Economic Outlook report due on October 15. According to the IMF’s new head, Bulgarian Kristalina Georgieva, the monetary fund will again […]
The Club & Why the Majority Must be Always Wrong
The Club & Why the Majority Must be Always Wrong QUESTION: Mr. Armstrong; I did my own research on the 1998 Russian collapse. All the big names lost billions. Even the New York Times reported that George Soros lost $2 billion. You were the only one who made money so it made sense that you were named hedge […]
Argentina Imposes Currency Controls
Argentina Imposes Currency Controls Late on Friday, when we noted that according to Argentina’s next president, Alberto Fernandez, the country’s upcoming bond default, its 9th since declaring Independence, was the IMF’s fault as much as that of outgoing president Mauricio Macri, we pointed out that Buenos Aires has a more pressing problem: running out of money. Specifically, we […]
Argentina Is Officially In Default Again: S&P Downgrades Credit Rating To SD
Argentina Is Officially In Default Again: S&P Downgrades Credit Rating To SD The IMF just broke its own record of incompetence: less than a year after its record, $57 billion bailout of Argentina was finalized, S&P just downgraded the country from B- to Selective Default – the equivalent to a default rating – following the […]
Argentina Proposes IMF-Humiliating ‘Debt Re-Profile’ As It Soft-Defaults For 9th Time Since Independence
Argentina Proposes IMF-Humiliating ‘Debt Re-Profile’ As It Soft-Defaults For 9th Time Since Independence Less than a week after we suggested The IMF is in for humiliation over the collapse of Argentina – just months after its unprecedented $56 billion liquidity crisis bailout – it appears the South American nation is set to default for the ninth time since […]
Why Mark Carney Thinks The Dollar Can No Longer Be The World’s Reserve Currency
Why Mark Carney Thinks The Dollar Can No Longer Be The World’s Reserve Currency While Jerome Powell’s highly anticipated Jackson Hole speech was, in the words of Brean Capital’s Russ Certo “underwhelming and anti-climatic”, one couldn’t say the same for the shocking luncheon speech by Bank of England’s outgoing governor, Mark Carney, titled “The Growing […]
Blain’s Morning Porridge – Aug 13 – Argentina, Legarde and Europe
Blain’s Morning Porridge – Aug 13 – Argentina, Legarde and Europe “I’m going down to Yasgur’s farm, gonna join me a rock and roll band.…” Global Credibility Under Pressure – We’ve been Tangoed! This morning’s headlines are screaming how Argentina and President Mauricio Macri have precipitated yet another crisis upon the stressed geopolitical battlefront… Relax. […]
