We’re On Cusp Of A “Nuclear” Meltdown In The Credit Markets!

• We’re On Cusp Of A “Nuclear” Meltdown In The Credit Markets! 
  by http://investmentresearchdynamics.com/ 
  The bond market is going to crash in way that no one thought possible .  –  A very well-connected Wall Street insider and a friend of  mine for over 20 years
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  I have been warning anyone who wants to listen to get out of the bond market.   We are being given point-blank warnings from the elitists.   Two more huge warning flares were sent up this morning.
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  The BIS – Bank for International Settlements, the Central Bank of global Central Banks (i.e. the Fed answers to the BIS) – warned in its latest annual report that global credit markets “are once again in risky territory:”
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  The BIS focused mainly on fresh accumulation of new corporate and sovereign debt by asset managers rather than banks and scratched its head about the coincidence of sub-par economic activity and record low default rates that in turn depress borrowing rates and credit spreads ever lower nearly everywhere.
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  “Asset managers” means the mutual bond funds you are invested in with your financial advisor or your 401k plan.  Get out of them.  Here’s the article link:   Scoping The New Subprime As Watchdogs Cry “Bubble.”
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  Ironically, a Portuguese bank, Banco Espirito Santo SA missed a bond payment and its bonds did a cliff-dive (source:  Zerohedge):
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  read more!

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