The Stage of self-destruction The Credit Cycle The function of the Repo Market It is getting very ugly for the big banks Scrambling for liquidity scarcity that cannot be resolved Market melt-up and meltdown Summary The end of existing… Continue Reading →
Crisis caused by the fixers: Credit creates an artificial boom: Today’s economic system needs credit growth to survive. Without credit growth it is going to collapse into a New Depression that will not be resolved in a couple of… Continue Reading →
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