Tuesday, April 12, 2011

IMF believes the hype


IMF optimism © fintag

News comments:
The IMF's Fiscal Report is interesting reading. (imf pdf)

Basically it shames a few countries for their debt woes. The usual characters, Ireland, Spain, Greece, Portugal and of course the UK. However, the country with the worst is the USA. Obama's debt legacy, its short term borrowing and its very optimistic debt reduction leaves the USA languishing with the Japan in the hall of debt shame.

But the IMF is a US run organization and has decided to be bullish about the prospects of debt repayment. Take a look at the chart. Looks like a couple of years and we will have cleared it all up.

Today's shorts:
Obama: Tax, tax and more tax (bloomberg)

Pre Madoff Petters (finalternatives)

Today's longs:
Are you being serious?

IMF to become Obama's PR provider of choice.