The IMF Runs a $300 Million Loss (This is a Good Thing)
The International Monetary Fund released its semiannual World Economic Outlook report yesterday projecting a very rosy world economy. "It would be fair to say to the world, 'You have never had it so good,' " Raghuram Rajan, the IMF's Chief Economist said. "But challenges are building in the background." Still, the most interesting news may be the projected $300 million shortfall...