Most Devestating Bear Market in History Has Begun
SilverDoctors.com
September 24, 2015
The credit markets are seizing up…
Submitted by Martin Fields, MD
The credit markets are seizing up, we can see marked evidence for this such as the rise in 10 yr Treasury yields
and the marked rise in the German Bund interest rate up from 0% to .8% in a matter of hours. Such extreme volatility
usually is caused by a lack of liquidity in the system , in this case in the shadow banking system. Paul Mylchreest in an
article entitled ‘Do Central Banks Need A Plumber?‘ demonstrated that financialism, or the presence or absence of financial
liquidity is the key driver of markets as opposed to the business cycle.
The Rest…HERE
