Dominique Strauss-Kahn

Portugal's economic health is at risk of collapse after Moody's cut its rating of the country's debt to junk status. Also at risk of collapse: The case against former IMF head Dominique Strauss-Kahn after The New York Post reported that his accuser was working two jobs -- as a maid and a prostitute.

As a new week begins on Wall Street, nobody wants bank stocks, J.P. Morgan Chase hints at changes at the top, OPEC ministers tussle over crude, and airlines are in for some financial turbulence. In fact, the only good news is for France, which apparently won't lose the IMF over the DSK scandal.

Forget the gloomy predictions: According to Richard Berner of Morgan Stanley, U.S. consumers are a year ahead of schedule in repairing their household balance sheets, giving them the ability to start spending again soon. And the head of the IMF was explicit Monday: A double dip is unlikely.

The good news is that the recession is ending. The bad news is that recovery is going to take a long time, and unemployment is poised to get worse before it gets better. This basic message, which has been touted by numerous economists and experts gained a new voice on Friday, when International...

Man, these are confusing times. The head of the International Monetary Fund told a gathering Monday in Kazakhstan that the worst of the financial crisis was yet to come. This comes less than a week after a survey of economists found that most expected the recession to end in September followed by...