in 2008 it was the rising interest rates that caused the adjustable rate mortgages to fail. These were dog shit loans with little or no money down, and no real check of the financial strength of the buyer. Back then there were some 40% adjustable loans, now its only around 7%. So what will be the trigger this time??? Remember the Central banks will buy any dog shit that shows weakness.
RE: Banks Preparing For MASSIVE MARKET CRASH! - This Has Happened Before!
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Banks Preparing For MASSIVE MARKET CRASH! - This Has Happened Before!
How about more Greece / Italy / Spain bank failure that trigger a chain collapse via derivatives.
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this time it will be the people not beeing able to make a living out of their jobs, consumers will buy less because they cannot afford it anymore. Companies will go bankrupt because of missing purchases and there you have your chain of doom triggered once again. Just that this time it's no faulty mortgage as a cause.
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