Monday, July 11, 2016

The Financial Crisis All Over Again: 
Banking Crisis Imminent
In his latest commentary, John Rubino* sees the U.S. drifting back into another banking crisis .. "Despite the headline numbers (like Friday’s largely-fictitious jobs report) that imply a stable, modest expansion, under the surface the financial system — composed of business loans, bank profits, etc. — is deteriorating fast. And since interest rates have fallen rather than risen post-Brexit, causing yield curves around the world to flatten further, it’s safe to say that these trends are accelerating. That would explain why so many iconic money managers and speculators have turned publicly bearish recently."
LINK HERE to the commentary

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