[Marxism] $4.1 trillion latest IMF projection of financial sector writedowns

Louis Proyect lnp3 at panix.com
Wed Apr 22 17:20:12 MDT 2009


Marv Gandall wrote:
> I am not sure if it is a misprint or an inaccuracy, but according to the
> Wall Street Journal report below, the IMF projects that roughly 8% of US
> loans will have gone bad by next year - more than twice the level at the
> peak of the Great Depression.
> 

Speaking of revealing statistics, the Harper's Index in the current 
issue states that "Percentage of all U.S. men over twenty who are now 
unemployed or not seeking work is 31". The source for this is the Bureau 
of Labor Statistics.




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