1 Sep, 2011
The Next Banking Crisis Starts Here – Money Morning
By Shah Gilani, Capital Waves Strategist, Money Morning
Fears of a banking crisis and rolling contagion are making global stock and bond markets extraordinarily volatile – and with good reason.
Another financial meltdown, on par with what we saw in 2008, is looming large on the horizon.
One of two potential triggers could ignite a new banking crisis, a rapid contagion, and a second financial meltdown:
One or more of the troubled European countries could default outright.
Or a major money center bank could be turned away from the interbank borrowing market by its peers.
The panic resulting from either catalyst could start at any time.
And it would spread like wildfire.
Loading ...
Liked this article? Share it!