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IPFS News Link • Economy - Economics USA

S&P/TSX Composite index, Dow Jones Industrial Average, S&P 500: World Markets on Brink of Collapse

• http://www.midasletter.com, James West

Are markets on the brink of a worldwide collapse? Is this the resumption (as I've always maintained) of the Financial Crisis of 2008 that was only temporarily and superficially halted by the global explosion of free credit and capital that was the only solution?

More importantly, what do central banks and governments have at their disposal to curtail a fresh wholesale abdication of risk from markets?

If you haven't watched The Big Short, now would be a good time to do so. Still more insight is available to those who read the book.

The highly revealing exposé demonstrates in clear terms just how absent of original thinking and clear vision are the world's largest financial institutions. Bankers laughed when they heard that a select group of market outliers wanted to go short Real Estate beginning in 2006. But that small fringe group made billions when the real estate market finally did collapse in 2007, taking world markets and a few big banks with it.


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