Post Tagged with: "IMF"

Notes From Underground: Outliers and Out Right Liars

Notes From Underground: Outliers and Out Right Liars

by / on 11/06/2012, 2:58 AM / in Today's Economy

Yes, the U.S. Presidential election is finally here. After the POLITICAL-INFO COMPLEXhas spent the $6 billion on various political campaigns, we are left wondering why anyone would contribute money to feed the monster and prolong our agony. I know the answer and the “road to political hell is not paved with good intentions.” There are so many polls predicting a […]

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11th Managing Director of the International Monetary Fund

Notes From Underground: Christine Lagarde Is Quietly Raising Her Voice

by / on 10/15/2012, 1:54 AM / in Today's Economy, Stock Market News

The IMF took center stage during the last four days as its meeting in Tokyo became the central focus of the global macro world. As usual, the IMF communique promised much via the usual platitudes but as investors and traders we are left in the lurch as much is promised but no real substance is revealed. Probably the most important element […]

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Poster used in the protests, "Not enough bread for so much chorizo (pork)", referring to political corruption.

Notes From Underground: A Question On Spanish Unemployment

by / on 10/04/2012, 1:32 PM / in Today's Economy, Platinum & Palladium News

Not Enough bread? A long time reader of the BLOG (hat tip, SM) called and posed an interesting question about the 25% unemployment rate to which the markets seem to continually refer. The reader has a friend whose son is living in Spain and maintains that the unemployment situation in Spain is not nearly as bad as economists say because of […]

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On June 28, 2011, Christine Lagarde was named Managing Director of the IMF, replacing Dominique Strauss-Kahn.

Notes From Underground: Devil With The Blue Suit On

by / on 09/25/2012, 1:47 AM / in Today's Economy, Stock Market News

In his regular Monday Financial Times column, Wolfgang Munchau takes full aim at Bundesbank President Jens Weidmann for trying to make ECB President Draghi the devil incarnate. Because Weidmann invoked the Faustian character, Mephistopheles, from German hero Goethe’s play Dr. Faustus, Munchau accuses the Bundesbank President of undermining the policies of the ECB. Weidmann is going directly to the German […]

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