U.S. stocks fell and the Dow Jones Industrial Average lost more than 200 points for the second time in three days after the International Monetary Fund said there is no end in sight to the housing slump.
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U.S. Stocks Tumble Led by Banks on IMF’s Housing Outlook:
Bloomberg, July 28 2008
International Monetary Fund -these peep have killed more Economies than its healthy to think about.
If they are the New Sheriff in Town, and, really, even if they’re not, we need to wonder why we continue to Fund them, let alone listen to them.