Before It's News | Popular Money
Leaked IMF Report Shows Dangers For US Economy
Goldseek.com By Daniel R. Amerman, CFA A confidential internal International Monetary Fund report was recently leaked to the Wall Street Journal, with the contents later being made public by the IMF. The contents of this report have major implications for Europe, but even greater implications for the United States. Most of the press attention is being paid to the legalities associated with the report, and revolve around what the International Monetary Fund knew, when it knew it, and whether it properly acted within its charter at various points.
Mother Of All Bubbles Pops, Mess Ensues
Testosterone Pit by Wolf Richter Wednesday, July 10, 2013 at 7:13PM The asset bubbles the Fed’s money-printing and bond-buying binge has created are spectacular, the risk-taking on Wall Street with other people’s money a sight to behold. Among the big winners were mortgage Real Estate Investment Trusts – and those who got fat on extracting fees. But now the pendulum is swinging back, and the bloodletting has started. Mortgage REITs are highly leveraged.
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