SOME GOOD ECONOMIC NEWS

We may not have lost as much capital as originally predicted. I think the U.S. losses mean that inflation won't be much of a problem for the next few years.

IMF sees global bank losses at $2.28 trillion, down $533 billion from October
Apr 20 12:54 PM US/Eastern

Martin Crutsinger, THE ASSOCIATED PRESS WASHINGTON - The world's banks could be spared billions in losses thanks to a global economy that is recovering from the financial meltdown more quickly than initially expected.

The International Monetary Fund is forecasting that global bank losses from the financial crisis will total US$2.28 trillion, a drop of $533 billion from an estimate made last October.

The IMF said Tuesday that its forecast for losses just for U.S. banks had dropped to $885 billion, down from an estimate of $1.03 trillion made in October. For the United States estimates for losses on bad loans fell 10.1 per cent to $588 billion and losses on securities investments fell 20.2 per cent to $296 billion.