DOW PLUNGES 900 POINTS: As The Global Financial System Begins To Break The Collapse Will Be Sudden
- DOW PLUNGES 900 POINTS: As The Global Financial System Begins To Break The Collapse Will Be Sudden
by https://kingworldnews.com/
On the heels of the Dow plunging over 900 points at one point during today’s trading session, as the global financial system begins to break the collapse will be sudden.
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Rising Rates Lead To Financial Accidents
December 15 (King World News) – Alasdair Macleod, head of research at Goldmoney: A recent Bank for International Settlements paper warning of unappreciated risks in foreign exchange markets echoes my earlier warning in an article for Goldmoney published over a month ago describing derivative risks in FX markets.
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In this article I also show evidence that banks in both the US and Eurozone are reducing the deposit side of their balance sheets by turning away big deposits which are ending up in central bank reverse repos, parking unwanted liquidity out of public circulation. The great unwind is well under way.
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Credit contraction is not only driving a bear market in financial assets, but the exposure to malinvestments by rising interest rates is having negative consequences for the non-financial economy as well. Private equity, which has thrived on cheap finance used to leverage targeted businesses, is showing signs of unwinding with two major Blackrock funds suspending redemptions.
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