August 18, 2015

Doomsday clock for global market crash strikes one minute to midnight as central banks lose control



China currency devaluation signals endgame leaving equity markets free to collapse under the weight of impossible expectations

When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal. Read more.

Telegraph

Related,
Three Clear Signs the US is Back In Recession - Zero Hedge
A September rate hike could tip the US economy back into recession - Business Insider

U.S. Lacks Ammo for Next Economic Crisis - WSJ
St. Louis Fed official: No evidence QE boosted economy (video) - CNBC

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