The International Monetary Fund’s Global Financial Stability Report is traditionally very conservative in its assessment of the world’s economic status. The most recent report was released on September 21, and warns that the world economy is quickly entering a “danger zone.”  A group of protestors, assembled under the banner of “Occupy Wall Street” have had enough, and are actively protesting the corruption that seems rampant in the mortgage industry and trading. The IMF has downgraded its estimate for global growth from an already dismal 4.3 per cent  to 4 per cent.  U. S. growth has been cut from 2.7 per cent  to 1.8 per cent.  The recent downgrade in America’s credit rating from AAA to AA will make it even harder for the US to rise out of it’s predicted financial demise and repair bad credit.

“For the first time since the October 2008 Global Financial Stability Report, risks to global financial stability have increased, signaling a partial reversal in progress made over the past three years,” warns the report.  In simpler terms, all the measures taken to staunch the hemorrhage unleashed by the global credit crisis from 2008 to the present have run their course.  We are now back to the same situation as when Lehman’s closed its doors.

To learn more about Occupy Wall Street and what they are doing to combat corruption, watch the video below.