Kontent News

My take on the commodity supercycle zeitgeist...and the rise of the precious metals, uranium and alternate energy. Get ready for peak everything, the repricing of the planet and "black swans" all over the place..

Sunday, April 09, 2006

IMF warns high prices risk global crisis

FT.com / World / International economy - IMF warns high prices risk global crisis: "High energy prices are 'exacerbating' global economic imbalances, increasing the risks of a crisis, the International Monetary Fund will warn next week.
The IMF will say in its World Economic Outlook report that 'global current account imbalances are likely to remain at elevated levels for longer than would otherwise have been the case, heightening the risk of sudden disorderly adjustment'. A draft of the second chapter of the report was obtained by Expansion, the Financial Times' Spanish partner paper"

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