International Monetary Fund

Leo Kolivakis's picture

Let me just say that the IMF's Global Financial Stability Report is an excellent document that every serious money manager needs to read carefully. It provides an outstanding overview of global financial system. I went through it today and concluded that global financial risks have subsided but banks are by no means out of the woods. The semiannual report struck me as one of cautious optimism.

Is The Fed Hiding Gold Swap Arrangements With Foreign Central Banks?

"The Federal Reserve System has disclosed to GATA that it has gold swap arrangements with foreign banks that it does not want the public to know about. The disclosure contradicts denials provided by the Fed to GATA in 2001 and suggests that the Fed is indeed very much involved in the surreptitious international central bank manipulation of the gold price particularly and the currency markets generally." - GATA

Leo Kolivakis's picture

Fired Up? Ready to Go?

A year after Lehman collapsed, what have they learned on Wall Street? Absolutely nothing. That's pretty much what I see on Wall Street and at the large "sophisticated" Canadian public pension funds. Behind the rhetoric, it's business as usual. Who needs risk management when the markets are on fire and you're looking to shoot the lights out?

asiablues's picture

For the third time, gold soared past the $1,000 level, causing the market to eye the precious metal's record of $1,033.90 reached in March 2008. While Citigroup is predicting a $2,000 scenario by next year due to continuing dollar weakness, a number of bullish factors, both near and long term, have converged to boost gold.

Vitaliy Katsenelson's picture

China projects to the world a similar image as Japan did in the 1980s. Yet we know how that (Japanese) story played out: a bust of a major banking/real estate bubble, a contracting economy for almost two decades, accompanied by deflation, ballooning debt, etc.

Fed Proposed To Become Next AIG

A new proposal by MIT professors seeks to involve the Fed directly in the wholesale selling of CDS. According to recent TIC data, perhaps the Fed is doing this already.