Get Ready: We’re About To Have Another 2008-Style Crisis?
~ The Rebel ~
2012/05/20 16:22:59
Well, my hat is off to the global central planners for averting the next stage
of the unfolding financial crisis for as long as they have. I guess there’s some
solace in having had a nice break between the events of 2008/09 and today, which
afforded us all the opportunity to attend to our various preparations and enjoy
our lives.
of the unfolding financial crisis for as long as they have. I guess there’s some
solace in having had a nice break between the events of 2008/09 and today, which
afforded us all the opportunity to attend to our various preparations and enjoy
our lives.
Alas, all good things come to an end, and a crisis rooted in ‘too much debt’
with a nice undercurrent of ‘persistently high and rising energy costs’ was
never going to be solved by providing cheap liquidity to the largest and most
reckless financial institutions. And it has not.
Forestalled is Not Foregone
The same sorts of signals that we had in 2008 are once again traipsing across
my market monitors. Not precisely the same, of course, but with enough
similarities that they rhyme loudly. Whereas in 2008 we saw breakdowns in the
credit spreads of major financial institutions, this time we are seeing the same
dynamic in the sovereign debt of the weaker European nation states.
Read More: http://www.chrismartenson.com/blog/get-ready-were-...
Our only hope is that it doesn't affect the USA too badly until we can toss the usurper from office so he doesn't have his Executive order pen at the ready when it hits.