IMF Reccomends Stronger Measures to Fight the Global Financial Crisis (2)
We come back to the IMF handbook published on April 2009, called “Global Financial Stability Report”. This time, we make refference to its reccomendations.
But before this, a new estimation of the IMF on the global write downs of assets. In January 2009 IMF estiamted the bad assets writing off to around $2.7 billion in the US only. In this latest report, the estimations included also other mature market-originated assets, which could increase the total write offs to around $4 billion. In other words, $4 billion of the US economy has been wiped off by the financial crisis (or will be, total until the end of 2010). Scary, isn’t it?
The International Monetary Fund (IMF) has recently published a comprehensive report called “Global Financial Stability Report - Responding to the Financial Crisis and Measuring the Systemic Risk.”. The IMF paper covers the history of the recent global financial crisis, as well as the measures taken by the governments and the companies to fight against it.
The US Treasury Department is considering giving banks and investors billions of dollars in fresh incentives to modify troubled mortgages and save homeowners from foreclosure, sources familiar with official deliberations said.
Well, two weeks have passed since we started our blue chip shares portfolio. If you remember, we created a portfolio of very liquid shares two weeks ago, with the intention of tracking its performance and of comparing it with the investments performance of the DJIA index.
Here we go again with one more doitinvest.com survey on how long might still last the current financial crisis / recession. Compared to the last two surveys we had a couple of months ago, this one seems to be pretty more optimistic. This optimism is fueled by the recent slow recovery of the stock markets (see the Dow Jones recovering sharply in the last two weeks), as well as by the pace of the bad news pouring in at a slower pace.
It took 20 years and undisclosed millions of dollars to build the Resort at Pelican Hill on the California coast just south of Los Angeles. The centerpiece of the complex is the “Coliseum”—a two-storey, semicircular, epic-scale colonnade enveloping the world’s largest circular pool, decorated with $1 million-plus hand-cut custom glass tiles. 
Well, at least this is how it looks when we at doitinvest.com were reading the news. Most of the analysts named last weeks rally of the U.S. stocks, one of the longest in the last years, as a “dead cat bounce”. In other words, probably to reverse quite soon when the recession worries for this year will prevail again.
The International Monetary Fund issued today a statement by which it encouraged the Eastern European countries to adopt Euro as thei currency, in order to avoid the further effects of the financial crisis. An article published in Financial Times today mentioned that: