A great article for a general overview of what is going on in global economics

For discussion of liberty, freedom, government and politics.
Post Reply
User avatar
Original_Intent
Level 34 Illuminated
Posts: 13008

A great article for a general overview of what is going on in global economics

Post by Original_Intent »

https://www.zerohedge.com/markets/impac ... banks-save

some snippets:
“Sovereign nations represent the ultimate collateral free asset,” said Lindsay. “They’re not like corporations, where you can take the plane or factory in bankruptcy; you can’t show up to a nation’s Treasury and seize assets. With sovereign nations, you can’t easily calculate a recovery rate, so it’s all about default probability.
“The moment has come for central bankers to tighten, unwind their market distortions, and the impact has already been catastrophic,” said Lindsay. Year-to-date, the drawdown in the market cap of US bond and equity markets has been over $57 trillion.


You won't hear about that in the MSM, we wouldn't want a panic going into a mid-term election where the (D)s are already expected to take a beating...
“QE, like many justifications for ridiculous valuations before it, was a bubble. And what we’re experiencing now is a bubble bursting.” A 30+ trillion-dollar bubble, by far the largest in history.
If that doesn't pique your interest in the economy, nothing will. How's the food storage?

Post Reply