The next financial crisis will be hellish, and it’s on its way

[Twisted Titan]

"There is definitely going to be another financial crisis around the corner," says hedge fund legend Mark Mobius, "because we haven't solved any of the things that caused the previous crisis.


We're raising our alert status for the next financial crisis. We already raised it last week after spreads on U.S. credit default swaps started blowing out. We raised it again after seeing the remarks of Mr. Mobius, chief of the $50 billion emerging markets desk at Templeton Asset Management.


http://m.yahoo.com/w/news_america/next-financial-crisis-hellish-way-204303737.html?orig_host_hdr=news.yahoo.com&.intl=us&.lang=en-us

[Libertarian_Guard]

"Prior to the bursting of the credit bubble, the public was shocked to learn that our biggest investment banks were levered 30-to-1. When asset values fell, those banks were quickly wiped out. But now the Fed is holding many of the same types of assets and is levered 51-to-1! If the value of their portfolio were to fall by just 2%, the Fed itself would be wiped out."


Oh Crap!

[Ponce]

Freaking idiots, they are happy to tell you what "will" happen "after,while" it happens......anyway.

First post of the day.........good morning to one and all.