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International Monetary Fund

95% Of Europeans Reject EU Efforts To "De-Cash" Their Lives

July 17, 2017 - 5:30pm

Authored by Don Quijones via,
But the IMF has suggestions on how to win the War on Cash...
In January 2017 the European Commission announced it was exploring the option of imposing upper limits on cash payments, with a view to implementing cross-regional measures as soon as 2018. To give the proposal a veneer of respectability and accountability the Commission launched a public consultation on the issue. Now, the answers are in, but they are not what the Commission was expecting.

IMF Rings The Alarm On Canada's Economy

July 14, 2017 - 4:18am
IMF Rings The Alarm On Canada's Economy

Shortly after yesterday's rate hike by the Bank of Canada, its first since 2010, we warned that as rates in Canada begin to rise, the local economy which has seen a striking decline in hourly earnings in the past year, which remains greatly reliant on a vibrant construction sector, and where households are the most levered on record, if there is anything that can burst the local housing bubble, it is tighter monetary conditions. And a bubble it is, as the chart below clearly demonstrates...

Work Is For Idiots

July 2, 2017 - 3:55am
Work Is For Idiots

Authored by EconomicPrism's MN Gordon, annotated by Acting-Man's Pater Tenebrarum,
Disproportionate Rewards
The International Monetary Fund reported an unpleasant outlook for the U.S. economy on Wednesday.  The IMF, as part of its annual review, believes the U.S. economic model isn’t working as well as it could to generate shared income growth.

IMF Slashes US GDP Forecast, Says Trump's Growth Target Is "Unrealistic"

June 27, 2017 - 11:15pm
IMF Slashes US GDP Forecast, Says Trump's Growth Target Is "Unrealistic"

The IMF has cut its US GDP forecast to 2.1% in 2017 from 2.3% projected in April and to 2.1% for 2018 from 2.5% previously, it said in a statement following its U.S. Article IV Consultation, and saying it could no longer assume the Trump administration will be able to deliver pledged tax cuts and higher infrastructure spending. Specifically, in giving up on the Trump agenda, the fund said "we have removed the assumed fiscal stimulus from our forecast."