World Starting to Pull Out of Recession, IMF Says

The IMF along with world governments have done too little to stem the global recession. They have other arrows in their quivers but are reluctant to use them for obvious reasons. BEst to try and talk the world out of recession. Didn't work for the Bush admin and seems not to be working for the Obama admin. Going to need more stimulus. In the meantime the market has started to retrace its bear market rally. We go down to March lows and, depending how we get there, may go even lower. This will be devastating for the NYC RE market as this rally was the strongest of the green shoots holding up this fragile RE market.