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Mikhail Liebenstein

Financial System 'achilles' Heel' Of Recovery: Imf

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http://uk.finance.ya...2848fc.html?x=0

Meanwhile "pockets of vulnerability" remain in the US financial system and Japan faced the longer-term risk of of a debt crunch as an aging population no longer props up Japanese bonds.

In the private sector, the IMF warned around four trillion dollars in bank debt will need to be rolled over in the next 24 months, prompting a call for government support for the sector to be phased out gradually.

Sorry, but how can these banks still pay bonuses when they are broke. The banks treat there so called Achilles heal like its a football injury and that should be allowed back on the pitch after a bit of R&R.

I'd personally rather see them take it like the real Achilles and die from their wounds/

Edited by Mikhail Liebenstein

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  • 145 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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