The Ghost of Failed Banks Returns
2008 is more than a ghost. The crisis never really died.
(From Goldmoney)
Could the erringly similar repo failure today be the ghost of Northern Rock returning to haunt us in New York? If so, we now have a far larger credit bubble to pop, and the figures in the repo market are in tens of billions, instead of tens of millions.
Reprinted from: https://www.ac2news.com/2019/10/the-ghost-of-failed-banks-returns/
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