JPMorgan Warns U.S. Money Market Stress to ‘Get Much Worse’

by GoldCore

◆ Severe funding pressures in U.S. money markets tipped to resurface heading into year-end by JPMorgan who warn that financial stresses are likely to ‘get much worse’

◆ Goldman Sachs and Bank of America also warn funding issues remain (see below)

◆ Federal Reserve will start buying $60 billion of Treasury bills every month

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◆ Funding markets are on notice for a possible year-end liquidity crunch

◆ Growing stresses in U.S. banking and financial system should support gold

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