In today's report, I look into how monetary policy will most probably be ineffective against the potentially huge global supply chain shocks as a result of the current crisis that emanated from China.
I will also cover the early market action from London as usual and talk about why I think volatility will continue and why precious metals like gold and silver are the best safe havens out there in the financial world.
HOUSEHOLD DEBT AND CREDIT REPORT: https://www.newyorkfed.org/microeconomics/hhdc
Subprime Credit Card Delinquencies Spike To Record High, Surpass Financial-Crisis Peak: https://www.zerohedge.com/personal-finance/subprime-credit-card-delinquencies-spike-record-high-surpass-financial-crisis-peak
Markets remain complacent about coronavirus despite sell-off: https://www.ft.com/content/e0ca01ee-57cb-11ea-abe5-8e03987b7b20
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Thanks for keeping us updated and educated, Maneco64. I believe the tsunami is coming. Preparing and praying for the young.
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Setting aside C, Chinese financial function is deteriorating. For example, HNA Group, the former top share holder of Deutsche Bank is under government administration due to lack of liquidity now. Founder International Inc is also struggling to redeem their corporate bonds. The financial crisis spreads over all continents.
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