There's nothing like global lack of confidence to rain on your parade.
The Wall Street Journal
reports that the International Monetary Fund
has warned investors that panic could strike money-market funds if debt markets were to go south fast.
The warning was issued in a chapter of its latest Global Financial Stability Report
, which looked at how flooding the world with cheap money could be creating new financial crises ahead.
reports that IMF Managing Director Christine Lagarde
said Wednesday that “more intensive and intrusive supervision” of the financial system was critical to fixing the global economy, warning that “too-big-to-fail” banks are more dangerous than ever.
Read more on the warnings in The Wall Street Journal
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