Market Talk – May 16, 2024
ASIA: The major Asian stock markets had a green day today: NIKKEI 225 increased 534.53 points or 1.39% to 38,920.26 Shanghai increased 2.50 points or 0.08% to 3,122.40 Hang [...]
The Mother of all Financial Crises
COMMENT: Sir,
While taking a break from reading the Repo Report, I came across these words written by Albert Einstein before he passed away
“Not one statesman in a position of responsibility has dared to pursue the only course that holds out any promise of peace…” he wrote. “For a statesman to follow such a course would be tantamount to political suicide. Political passions, once they have been fanned into flame, exact their victims.”
I fear we are going to crash and burn as you have said
Keep up the good work
DK
REPLY: That is a very good quote. It is so true. With all the disinformation circulating around about this Repo Crisis, one must question can they really be that stupid? This is really the Mother of all Financial Crises, which will impact everything it touches. This will make the 2007-2009 financial crisis look like a trial run. There is no politician who will stand up and talk about this crisis nor will they dare to even ask pertinent questions for fear of what will be revealed.
This is why this report does not end with this report alone. We will update it next year as everything unfolds. So it is more like a subscription to this catastrophe.
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