Take a Look at This: IMF Diagrams the Twisty Path of Global Finances
September 26, 2007 by Miranda Marquit
Filed under Finance
By now, it should be fairly obvious that global finances are inextricably related. I mean, the subprime lending crash here in the U.S. triggered all sorts of investing snafus all over the world. And the IMF has come out with a financial stability report. Check this out. It diagrams the twisty path from subprime to bust:
IMF is an organization that has no real purpose instead of pretending to be an analytical institute, provoking the world with “results” extracted from poor, standardized, obscelete modelling. Releasing bullshit reports into the world e.g. “declaring” that the Dutch housing market is 30% undervalued, resulting from a standard model IMF used for analyzing international housing markets. IMF used the exact same model for every country while European housing markets (yep, that’s right IMF…there are multiple countries in Europe each with their strong local economical differences such as the fact that there is a massive shortage of homes in the Netherlands and each citizen gets 35% to 52% of it’s mortgage reducted in taxes).
So that’s kindergarten level analytics and it unnecessarily disturbs local markets. It’s a joke. Eliminate IMF and let these people get a real job, actually contributing something to the world or an economy rather than soaking up tax payers money in some fancy nancy IMF commission, “playing economy analyses” at schoolyard level
Ah, but everyone likes to compare themselves to others. There are lots of things we could eliminate, but in world where the value of money is somewhat arbitrary, many folks like institutions that plot out relative relationships. After all, we have something similar here in the U.S. in the form of the Federal Reserve system…