Swiss Bank Default, Dollar & Gold…Q&A with Lynette Zang & Eric Griffin
ITM Trading Podcast
00:00
Are Credit Suisse and Other Banks Going to Be Forced to Step in and Buy the Bonds?
AA asks, what happens with Credit Suisse and other banks if England stops its bond buying program? I imagine they might be directly affected. What we're seeing is a mass exodus from the sovereign debt market on all the key players that never cared about price or interest rates like the commercial banks or other central banks. They're leaving en masse at the same time. This is the bomb bubble bursting. It's not good.
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