Generally, the IMF is wrong every which way about nearly everything.
Thus, one has to wonder if the correct response to ‘Super taper tantrum’ ahead, warns IMF is along the lines of “No Worries Mate“.
José Viñals, the director of the IMF’s monetary and capital markets department, warned of a “super taper tantrum” and spiking yields as the US central bank gets nearer to lifting rates from near-zero levels. “This is going to take place in uncharted territory,” he said in an interview.
In its Global Financial Stability Report, released on Wednesday, the IMF argued that risks have not only risen worldwide, but that they have rotated to parts of the financial world that are harder to monitor — including to the non-bank sector.