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New Warning Signs In Debt Markets
The economic problems of the world stem from central banking problems. For a simple guide to the US version of the scam being run by the central bankers, see our course on the Federal Reserve. -- KM
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The debt markets in the US and Europe have begun to flash warning signals yet again, raising fears that the global credit crisis could be entering another turbulent phase.
The cost of insuring against default on the bonds of Lehman Brothers, Merrill Lynch and other big banks and brokerages has surged over the last two weeks, threatening to reach the stress levels seen before the Bear Stearns debacle. Spreads on inter-bank Libor and Euribor rates in Europe are back near record levels.
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