In A Typhoon, Even Pigs Can Fly (For A While)

Thursday, January 30, 2014
By Paul Martin

by Charles Hugh-Smith
ZeroHedge.com
01/30/2014

Here’s the global financial crisis in a nutshell: access to easy credit can solve a temporary liquidity problem, but it can’t increase the value of collateral or generate income. Once the liquidity typhoon dies down, the insolvent pigs will plummet back to earth. That’s what we’re seeing in the periphery economies and shadow banking systems around the world.

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