IMF Says Advanced Economies Already in Depression

By Angus Whitley and Shamim Adam Feb. 7 (Bloomberg) — Advanced economies are already in a “depression” and the financial crisis may deepen unless the banking system is fixed, International Monetary Fund Managing Director Dominique Strauss-Kahn said. “The worst cannot be ruled out,” Strauss-Kahn said in Kuala Lumpur, where he was attending a gathering of […]

A little food for thought: Fed Reserve Fails to Reflate the US Banking System

Rumours and I mean Wall street journal rumours, you know amongst people in the know have it that the banks will need be accommodated with anywhere between 1 to 2 trillion dollars more to help them out of their predicament and guess who John Key thinks should be paying those trillions. In one dear people […]