IMF fears the world’s financial system is even more destructive than in 2008

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The Telegraph/Ambrose Evans-Pritchard/10-20-2019

“The International Monetary Fund has presented us with a Gothic horror show.  The world’s financial system is more stretched, unstable, and dangerous than it was on the eve of the Lehman crisis. Quantitative easing, zero interest rates, and financial repression across the board have pushed investors – and in the case of pension funds or life insurers, actually forced them – into taking on ever more risk. We have created a monster.”

USAGOLD note:  Ambrose Evans-Pritchard reviews in detail a recently released IMF study that warns of the unprecedented and dangerous credit risks now at large in the global economy.