Credit Crunch All Over Again! …” Get yourself into a financial bunker lined with gold and “lose” as little as possible when the system comes down”
By Bill Holter
GoldSeek.com
Wednesday, 6 May 2015
It smells like crunch time to me, the markets have flattened or begun to even roll over on continuously decreasing volume. The economy has also turned down all over the world including in China. Europe is contracting, Britain has finally figured out their finances are FUBAR and the U.S. would not show growth if not for the biggest inventory build in history. Oil tankers are sitting idle (and full) all over the world, is this a sign of “recovery” or of stagnation. The Baltic Dry index is plumbing news, this would be a sign of what? When I wrote crunch time above, I should have clarified, it looks “credit” crunch time and this time there is no white knight to save the day.
Zerohedge penned an article Monday where even Citigroup talks about this lack of liquidity. After years of massive deficit spending and quantitative easing amongst the major central banks of the world …liquidity is drying up!
The Rest…HERE
