Britannia Radio

Banks' $4 trillion debts are 'Achilles’ heel of the economic recovery', warns IMF:

More taxpayer support is needed to ensure global financial stability despite the billions already pledged, the International Monetary Fund has warned, as banks remain the “achilles heel” of the economic recovery.

Ireland’s debt rating cut by Fitch:

Ireland received yet another blow today after credit agency Fitch cut the country’s debt rating to A+ from AA- with a negative outlook.

IMF says Ireland must take 'credible action':

He said the IMF supported the tough measures being taken by the Government.

IMF: Real Estate Slump Could Last Eight Years:

The prospects in the global real estate sector are "dismal," with a downturn that could last eight years, the International Monetary Fund warned Wednesday.

ADP Estimates U.S. Companies Cut 39,000 Jobs in September:

Employment decreased by 39,000, the biggest drop since January, after a revised 10,000 rise in August, according to figures from ADP Employer Services. The median estimate of 37 economists surveyed by Bloomberg News called for a 20,000 gain.

IMF Cuts U.S. Growth Estimates on Weak Consumer Spending:

The International Monetary Fund lowered its forecast for U.S. growth this year and 2011, predicting a “slow” rebound restrained by a lack of consumer spending.

Goldman on Economy: Two Scenarios, ‘Fairly Bad’ or ‘Very Bad’:

Here’s another ingredient for the gloom stew after the dismal ADP numbers this morning. Last night, Jan “Johnny the Hat” Hatzius and his crew of Goldman Sachs econowonks were out with a pretty dismal read on the U.S. economy:

Banks Breaking Into Occupied Homes In Foreclosure To Change Locks :

The incidents of lock-changing pile further skepticism on a process recently plagued by scandal.