Daily Archives: 14/04/2011

Don’t Worry, Be Happy, er, Never Mind, $3.6 Trillion Reasons to Panic

Don’t Worry, Be Happy, er, Never Mind, $3.6 Trillion Reasons to Panic

  April 14, 2011 Despite reassurances that they have the massive global financial forest fire under control, reality is speaking with a punishing story from Reuters last night: Banks Face $3.6 Trillion ‘Wall’ of Debt: IMF Published: Wednesday, 13 Apr 2011 | 11:59 PM ET REUTERS The world’s banks face a $3.6 trillion “wall of maturing debt” in the next two years and must compete with debt-laden governments to secure financing, the IMF warned on Wednesday. Oops. Maybe all those central banksters buying gold and…

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