Credit crunch is already here for Main St. Last week it arrived for Wall Street

by mark000

Main: fred.stlouisfed.org/series/DRTSCILM

Wall: fred.stlouisfed.org/series/NFCI#0

The Wall St number is going to go vertical over the coming weeks. Check out what it did in Aug 2007….. & and pandemic panic in 2007 to see.

 

For all of the various reasons that have led us to this lethal juncture, central banks are now doing now the EXACT opposite of what they did in 2008. They are tightening into a burgeoning credit crisis. Which means we have entered the most lethal financial crisis since 1930

Wild price swings in government bonds on a scale not seen in decades given banking sector turmoil have sparked concern about the smooth functioning of a market considered vital to the global financial system.

Bank failures: Anger in Congress, but division on what to do