The IMF is on board: Financial Stability Report
$4.1Trillion in debt losses.
You think any banks (or the Market) have actually properly accounted for these losses? Methinks not. Certainly not based upon the phony 'earnings' statements we've all just been subjected to.
More inevitable badness around the corner. The similarities to exactly one year ago are getting ever more striking.....
No doubt CNBC hosts will profess to being surprised come the fall when things again melt down.
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