Home Economy World’s central banks preparing for disaster as the debt bubble implosion nears

World’s central banks preparing for disaster as the debt bubble implosion nears

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In recent days Germany’s Deutsche Bank has made global headlines as it teeters on the edge of solvency and the country’s leader, Chancellor Angela Merkel, debates whether or not she should intervene to save it. But Deutsche is not the only big bank that is in trouble. Like 2007 all over again, other global financial institutions are over-leveraged and vulnerable to collapse in what one major lender called an “economic nuclear winter situation.”
As reported by CNBC, financial markets during the first half of 2016 were up and down, at times swinging wildly. But a number of factors have converged during the second half of the year including the United Kingdom’s “Brexit” vote and weaker-than-anticipated corporate earnings. FULL STORY

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