gold, page-57234

More from the IMF below.

Once again, is this ‘Goldbug Armageddon nonsense’, or a legitimate and commonsense summation from the ‘central bank of the world’?

The IMF said share prices in the US and Japan appeared to be overvalued, while the credit spreads in bond markets – the compensation demanded by investors against risk – seemed to be too low, given the state of the global economy.
Tobias Adrian and Fabio Natalucci, two senior IMF officials responsible for the Global Financial Stability Report, said: “A sharp, sudden tightening in financial conditions could unmask these vulnerabilities and put pressures on asset price valuations”.