Tag Archives: bank of america

In September, the Fed tried to spin a convenient story for the ongoing repo crisis, blaming it on quarterly tax payments. With a new report from the Bank of International Settlements, the Fed’s “line” has been exposed, and with it comes revelations of the dire state of the market. Here’s why one analyst claims this is “quite similar to 2008.”

Three global banks have noticed a disturbing pattern forming in the stock market. After having suspicions about past financial crises being precursors to something much bigger, this could be a signal of an approaching “third wave” crisis.

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