InvestIdeas

Rising stress in China

The IMF said there were signs of “widespread and rising corporate stress” among Chinese corporates that were taking longer to pay their bills and struggling to roll over existing debt.

It estimated that around 15.5pc of total commercial bank loans to the corporate sector - worth around $1.3 trillion - were "at risk" of default because companies did not earn enough income to afford interest payments.

Potential bank losses on these loans could be as high as $756bn - or 7pc of China’s GDP. The IMF described this as "substantial".



World faces 'lost year' as policymakers sleepwalk towards fresh crisis, warns IMF
http://www.telegraph.co.uk/business/201 ... -fresh-cr/

Can anything stop this global cycle of doom?
http://www.telegraph.co.uk/business/201 ... e-of-doom/

The IMF – the world’s most powerful mafia

by Bill Bonner

Source: Bonner & Partners

http://thecrux.com/bill-bonner-the-imf- ... ful-mafia/

The debt burden is such that the entire 10 billion euros ($11.3 billion) of additional aid Greece is expected to receive from euro-region finance ministers meeting on May 24 will disappear into servicing its debts in June and July (although some of it is in treasury bills which the country's domestic banks will continue to fund). Then, come July 2017, another 7 billion euros is needed.

IMF's Call for a Greek Debt Holiday Goes Too Far
http://www.bloomberg.com/view/articles/ ... es-too-far

IMF Urges China to Tackle ‘High’ Corporate Debt Immediately

Source: Bloomberg

http://www.bloomberg.com/news/articles/ ... mmediately

China making big reforms but can do more to deal with debt-loaded SOEs: IMF

Source: CNBC

http://www.cnbc.com/2016/07/24/china-ma ... s-imf.html

Here’s a peek behind the closed doors of the IMF

by Jim Rickards

The issuance of 5 trillion of SDRs, equal to $7.5 trillion, to paper over the next financial panic will be highly inflationary.

The difference between this coming inflation and those in the past is that few investors will know where the inflation is coming from.

Source: Rickards’ Gold Speculator

http://thecrux.com/behind-closed-doors-at-the-imf/

IMF warns of financial stability risks
http://www.bbc.com/news/business-37563160

Christine Lagarde defends IMF's 'very, very bad' Brexit warnings
http://www.telegraph.co.uk/business/201 ... -warnings/

IMF board renews $250 billion crisis fund for another five years

The IMF said the crisis fund, which includes contributions from 38 wealthier member countries, has been renewed continuously since 1998.

Source: Reuters

http://www.reuters.com/article/us-imf-f ... r%20Update