( Read more... )

Bloomberg
EU Sets 50% Greek Writedown, $1.4 Trillion in Crisis FightEuropean leaders cajoled bondholders into accepting 50 percent writedowns on Greek debt and boosted their rescue fund’s capacity to 1 trillion euros ($1.4 trillion) in a crisis-fighting package intended to shield the euro area ( Read more... )

The Australian/Wall Street Journal/MarktetWatch.com
October 19, 2011

'Severe risks' in culture of thrift: IMF warning

The International Monetary Fund has warned that the forces that caused the Great Depression in the 1930s are again at work, as households, businesses and governments all cut back their spending.

...In issuing its Great Depression ( Read more... )

This will make your head explode ( Read more... )

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Should You Believe the IMF's Optimism?
...and it ain't pretty.

Bloomberg
IMF Says Risks to Global Economy Have Risen `Significantly'

Risks to the global economic outlook have “risen significantly” and policy makers have limited room to provide support to growth, International Monetary Fund Deputy Managing Director Naoyuki Shinohara said.

Most advanced economies are experiencing a “subdued” recovery, Shinohara ( Read more... )

( Delegates from the world's wealthiest nations gather this week for G-20, walled off from protesters by a National Guard combat battalion recently returned from Iraq. )

( Read more... )

CNBC

• Bank Stress Tests: 'Whole Process Has Been a Fiasco'
  ( Read more... )