Expect Optimism from the IMF?

Here’s a little something from today’s Bloomberg.com in an article entitled “IMF Says Advanced Economies Already in Depression (Update1)”:

Advanced economies are already in a “depression” and the financial crisis may deepen unless the banking system is fixed, International Monetary Fund Managing Director Dominique Strauss-Kahn said.

The next paragraph contains a line even more sobering: ““The worst cannot be ruled out,” Strauss-Kahn said . . . . “There’s a lot of downside risk.”

Oh, goodie. Even mainstream sources are beginning to sound as dire as the doomer financial sites I frequent. Interesting, isn’t it?

Cassandra

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