IMF Panics - Slashes US Growth Forecasts, Demands Fed Stay On Hold For Another Year

Zerohedge ^ | 6-4-2015 | Durden

[tcrlaf]

Anxiety over financial stability and shadow banking risks appear to have force Christine Lagarde and her fellow extrapolators to hit the panic button:

-IMF CUTS U.S. 2015 GROWTH FORECAST TO 2.5% FROM 3.1%

-FED SHOULD WAIT FOR TANGIBLE SIGNS OF WAGE, PRICE GAINS: IMF

-DOLLAR `MODERATELY OVERVALUED, CURBING U.S. GROWTH, JOBS: IMF

-IMF URGES FED TO DELAY FIRST RATE INCREASE UNTIL 1H 2016

Adding that they viewed the Dollar as "moderately overvalued" and any more appreciation would be "harmful," it seems global disinflationary pressures have left the IMF no choice but to say publicly what everyone has uttered under their breath.

[tcrlaf]

SUMMER OF RECOVERY!!!!! (part whatever)

And you are a RACIST that hates the idea of a black President if you dare to think otherwise!

DOW now under 18,000, but have ne fear, Muppets! The Fed will borrow however much money as is required from your Grandchildren's future as is required to ensure that no Democrat-supporting Billionaires are harmed by this!

Can you just imagine how all of the financial news would be reported if a REPUBLICAN was President? It would be a full 24/7 hatefest.

[VanDeKoik]

I’m not sure....but I think Bush is at fault.

[knarf]

bump for argument I can use against voting the nebulous budget at the next school board meeting

[Paladin2]

The IMF runs the Fed?

[NormsRevenge]

When do we get the new IMF global currency.. The Carbon dollar.. its made up of vapour out of the arses of idiots..

[going hot]

I cannot believe you would have this doubt.

[wrench]

“”The IMF runs the Fed?””

It is closer than you know. Look at who is running th IMF now, and who she worked with in Chicago.

[circlecity]

"The Fed will borrow however much money as is required from your Grandchildren's future as is required to ensure that no Democrat-supporting Billionaires are harmed by this!"

They wiped out our grandchildren long ago. They are now borrowing from our great-great-great-great-great grandchildren.

[Buckeye McFrog]

They are now borrowing from our great-great-great-great-great grandchildren.

Well the joke's on them as we've stopped reproducing. They'll have to try and get it from the Muslims.

[expat2]

Silly, that’s why they are importing Mexicans!

[RayChuang88]

By the way, few people--even the "bearish" types of Wall Street--trust the Zero Hedge web site because they've cried "wolf" way too many times, and as such any reasonable analysis from them is lost in the noise of negativity of that web site.

[EQAndyBuzz]

Funny, but if we win the White Hut in 2016, all of those unemployed people no longer on the rolls are going to show back up and the UR will increase to 15%. And it will be the Republicans fault.

[RayChuang88]

However, with a Republican in the White House, we will finally get something that will finally supercharge the economy: income tax reform.

Imagine everyone filing tax forms with a tiny fraction of the complexity of today's tax forms, and bank account interest, capital gains and stock dividends no longer count towards initial earned income computation for taxes. You would see so much liquid assets pour into the USA our economy will have amazing growth even if we have to raise interest rates a little.

[LRoggy]

I wonder how that S&P short position ZeroHedge so longingly sold for so long is doing . . .

[cherokee1]

Don’t have to imagine. Don’t you remember all thru the Bush years, with unemployment below 5% for real, that it was the worst economy ever? But now we have a fake 5% and things are peachy.

[rdcbn]

In other words, keep bankrupting the country by unsustainable borrowing of money to pay welfare and unemployment to out of work people who can't find a job due to Obama’’s mis management of the economy to hide to provide voters with a false sense of normalcy until after the next election.

Then let the next Republican President take the heat for crashing the economy when he tries cut back on the out of control spending that is destroying the economy