Do you think regulations today are tight enough to prevent another crisis?
The financial system is filled with constant and never-ending risk. When a crisis occurs and the risk is exposed, it’s only a matter of time before another much bigger risk appears. It can be covered up for a long time but invariably, all dangers eventually show their true self. Because the financial system is so intertwined, there’s no way to avoid a crisis if one component fails. Are you ready?
Wall Street’s Riskiest Loans Flash Dangers as Watchdogs Muzzled – BNN Bloomberg
David Rosenberg on Twitter: “FAANGM stocks have seen their market cap share triple to 17%. Eerily similar to the late 90s when MSFT, INTC, LU, CSCO, ORCL & DELL – saw their share peak at 17% too. Look what happened next – as the Fed, who helped create the bubble, destroyed it in the ensuing rate-hiking cycle… t.co/EaecH3Wpk2“
U.S. 30-year mortgage rates hit seven-year peak: Freddie Mac | Reuters
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