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"The Default Cycle Has Officially Started"

By: capt_nemo in POPE 5 | Recommend this post (0)
Sun, 19 Apr 20 8:29 PM | 23 view(s)
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Msg. 59316 of 62138
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We didn't really need any more confirmations. In recent weeks, as the US economy came to a screeching halt because of the coronavirus pandemic, we have seen banks take over $20 billion in reserves in anticipation of a looming default wave (a five-fold increase if not nearly enough based on historical precedent)...

http://www.zerohedge.com/markets/goldman-default-cycle-has-officially-started?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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