Today's "No Shit, Sherlock"

Making it stunningly clear she's got a stranglehold on the obvious, the IMF Director says the global economy "isn't out of the woods yet", even though the big debt-ballooning efforts of central banks to put a floor under the markets seem to be working pretty well - for now.

Which, BTW, also makes it stunningly clear just how out of touch these finance pimps are.

Liquidity injections (imho) will prove to be a false bottom, and when people see what these assholes have been doing to make even more money off the further immiseration of the people who've been taking it the shorts for decades to begin with - there could be quite the little backlash.

We can hope anyway.

Reuters:

Global economic activity is picking up after an unprecedented decline this year due to the coronavirus pandemic, but a second major wave of infections could trigger more disruptions, the International Monetary Fund’s top official said.

IMF Managing Director Kristalina Georgieva said the fiscal costs of actions aimed at containing the pandemic and mitigating its economic fallout were driving up already high debt levels, but it was premature to start withdrawing needed safety nets.

“We are not out of the woods yet,” she said in a blog posting ahead of Saturday’s virtual meeting of finance ministers and central bank governors from the Group of 20 major economies.

The IMF last month further slashed its 2020 global output forecasts, predicting a 4.9% contraction and weaker-than-expected recovery in 2021.

Georgieva said $11 trillion in fiscal measures by G20 members and other countries, as well as massive central bank liquidity injections, have put a floor under the global economy.

Even so, dangers lurked, she said, including a major new wave of infections, stretched asset valuations, volatile commodity prices, rising protectionism and political instability.

Some countries lost more jobs in March and April than had been created since the end of the 2008 global financial crisis, and many of those jobs will never return, Georgieva said.

Job losses, bankruptcies and industry restructuring could pose significant challenges for the financial sector, including credit losses to financial institutions and investors, she said.

And the kicker:

To ensure stability, continued coordination across central banks and support from international financial institutions was essential, she said. Regulation should also support the flexible use of capital to keep credit lines open for businesses.

Yeah, no problemo - cuz Trump is so fuckin' good at being the kinda team guy the world needs.

We're fucked.