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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: yard_man who wrote (180416)10/11/2022 10:17:51 AM
From: GROUND ZERO™  Read Replies (2) | Respond to of 220915
 
This morning Great Britain is having a banking crisis and this is likely to spread here...

About 1/3 of their pension funds are now belly up since they were held at those banks...

Things will likely get worse...

Their banks will now have to buy bonds to stay afloat and this will work counter to the FED's tightening policy...

The Wilshire Index now forecasts further unemployment and layoffs coming...

A global debt tsunami is coming...

GZ