Asian central banks buy dollars to slow its decline. Doubts over the solvency of the Federal Housing Administration surface, and 34 banks miss their TARP payments. And American consumers are not actually reducing their debt 

“Well run” emerging economies will be encouraged to hold less in foreign reserves with the IMF acting as a giant insurer, under a new proposal. Unemployment is set to break through 10 per cent in the US, and stay there for quite some time 

The G20 has broken its no-protectionism pledge once every three days, as the US-China trade dispute intensifies. France overhauls its economic indicators, sovereign wealth funds increase globally and hedge funds head to the Middle East