Posted on 10/11/2022 3:16:55 PM PDT by RomanSoldier19
The International Monetary Fund warned on Tuesday that global financial stability risks have increased, raising the risk of a disorderly repricing in markets, as it pointed to emerging markets and housing markets as particularly vulnerable.
The IMF said that "storm clouds" are looming over the global economy, including persistent inflation, a slowdown in China, and ongoing stresses from Russia's attack on Ukraine which have driven up the risk of a severe downturn to levels not seen since the onset of the Covid-19 pandemic.
In its latest Global Financial Stability Report, the IMF warned that global financial stability risks had increased since the April 2022 edition, leaving the balance of risks "significantly skewed" to the downside.
"The global environment is fragile with storm clouds on the horizon," the report stated.
(Excerpt) Read more at news.rthk.hk ...
Duh.
As Ive said before, the economic fallout of the Covid response is going to be far worse than Covid.
There was some economist who wrote an article in late March of 2020 saying we had until the end of May to reopen. Otherwise we would kill the economy.
Can’t find the article anymore.
Well we dragged it out and China is still doing Covid nonsense.
And the world economy is about to be a skeleton for Halloween.
Agreed. Between the economic fallout and the injured and dead, this has been an enormous -- and growing -- scandal.
.
QUICK -
SOMEBODY GET THE FED TO ISSUE A DOZEN-TRILLION MORE
FEDERAL RESERVE NOTES!
That'll keep us all from being swallowed by inflation!
Won't it?
It WON'T????
Not even until next Tuesday?
Well - #^$^&^*&@#!!!! ....
This is not fallout from Covid.
It is fallout from ignorance of economics. The American Rescue Plan and Inflation Reduction act are Misinformation.
They caused Inflation. In addition, Biden’s war on fossil fuel made it possible for Putin to finance his war. Putin invaded Ukraine under Obama and Biden. He didn’t under Trump because Trump kept the price of fossil fuel to cheap.
Covid has nothing to do with stupidity of Biden advisors and Biden.
This was a global response along the same lines, and globally destructive. To varying degrees of course.
The US government was not the only culprit, but many other countries did take their cues from the US CDC.
P
As Ive said before, the economic fallout of the Covid response is going to be far worse than Covid.
—
It’s easy to kill something. it’s difficult to unkill it.
Biden’s admin single handedly created the current economic situation. Other countries antcipated Biden’s moves as he campaigned on them. Some countries were late to the party.
Currently the Fed is trying to put out the fire. Don’t blame the firemen for putting out the fire the economically ignorant Biden advisers started.
IMF does not want the US to raise interest rates.
numerous third-world-countries are on the edge
of insolvency
The current economic situation has been exacerbated by the Biden administration, but the whole problem began in 2020.
The whole world, or nearly all its productive parts, adopted more or less extreme lockdown measures and financial imprudence.
The fallout from that prompted, in many countries, even more financial imprudence. And more and more stupid measures to “correct” the previous errors, all of which will lead to even more reactive errors. Its a death spiral.
The vast majority of countries that do any economic planning at all tune their planning to what the US and China do (or don’t do).
Trump left the US on a path of steady and strong growth with low inflation. Others figured that into their supply chain expectations.
Then Biden announced even before taking office, that his administration would strangle fossil fuel, which would immediately strangle the transportation sector of the supply chain. And it would make it more difficult for the poor to drive to where the jobs are.
Then with private money, and public money from the Covid era already chasing limited supply, Biden vastly increased the expectation of big money chasing the limited supply.
What could possibly go wrong?
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