European Countries are announcing that they have voluntarily increased the IMF´s funding ahead of G20 this week.
online.wsj.com/article/SB125167390634870867.html"
Why ask for increased IMF support if all is good?
This just indicates that policy makers in Euro Land are not drinking the Green Shoots Cool Aid that Bernanke, Geithner, Obama and CNBC have been drinking over the last 3 months.
The current IMF funds of $750B USD is not enough? Either they are taking a cautious stance or a proactive one.
Also, there are rumors out there that the FED may institute a mandatory Bank Holiday.
Nice start to September.
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