Global Recession to Be Severe: IMF

Posted by Matt in April 17th, 2009 | no comment

Published in Economy, Financial, Downturn, Financial Crisis, Global Financial Crisis, Global Recession, International Monetary Fund, International Monetary Fund Imf, Post War, Rare Combination, War Period, World Economy

The recession gripping the world economy is likely to be unusually severe and the eventual recovery sluggish, the International Monetary Fund (IMF) says.
“The current downturn is highly synchronised and is associated with a deep financial crisis, a rare combination in the post-war period.
“Accordingly, the downturn is likely to be unusually severe, and the recovery is [...]

Economy Booming Again? Seriously?

Posted by Matt in April 17th, 2009 | no comment

Published in Economy, U.S., Cnbc, Commercial Real Estate, Credit Crisis, Credit Losses, Deflation, Estate Arena, Estate Business, Financial Crisis, Fire Sale, General Growth Properties, Global Credit, Global Financial Crisis, International Monetary Fund, International Monetary Fund Imf, Inventory Levels, Mall Operator, Meltdown, Moratoriums, Office Tenants, Pundit, Signs Of Life, Temporary State

Here’s why the economy is NOT going to be booming again real soon:
1. We’ve only acknowledged $1.29 trillion of the $4 trillion in total global credit losses to date.
2. Foreclosure filings hit a new record high of 341,000 in March, 2009.
3. The COMMERCIAL real estate business is in full-scale meltdown mode.
4. The consumer is still [...]

7 Reasons Why the Big, Bad Bear Will Return

Posted by Matt in April 8th, 2009 | 1 comment

Published in Economy, AIG, Amount Of Money, Bad Trades, Bank Bailout, Banking Crisis, Conflicts Of Interest, Credit Bubble, Cronyism, Financial Advisors, Financial Institutions, Financial Muscle, Fiscal Sanity, Global Recession, Goldman Sachs, Great Depression, Housing Market, International Monetary Fund, International Monetary Fund Imf, Jp Morgan, Rat Hole, Slippery Slope

Reason #1: The Banking Crisis Still isn’t Fixed … It’s Getting Worse!
Reason #2: Job Losses are the Worst Since the Great Depression
Reason #3: The Deleveraging of the U.S. Credit Bubble Has Already Begun. And It isn’t Pretty …
Reason #4: Credit Cards are Imploding
Reason #5: It’s Probably WA-A-A-AY Too Soon To Call a Bottom in the [...]