Wednesday, October 26, 2016

The Federal Reserve Risks A Lehman Crisis 
As U.S. Recession Storm Gathers
Liquidity is suddenly drying up. Early warning indicators from U.S. ‘flow of funds’ data point to an incipient squeeze, the long-feared capitulation after five successive quarters of declining corporate profits. Yet the Fed is methodically draining money through ‘reverse repos’ regardless. It has set the course for a rise in interest rates in December and seems to be on automatic pilot."
- Ambrose Evans-Pritchard
LINK HERE to the article

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