AUGUST 26, 2011
BY SHAH GILANI, Capital Waves Strategist, Money Morning
Fears of a banking crisis and rolling contagion are making global stock and bond markets extraordinarily volatile - and with good reason.
Another financial meltdown, on par with what we saw in 2008, is looming large on the horizon.
One of two potential triggers could ignite a new banking crisis, a rapid contagion, and a second financial meltdown:
One or more of the troubled European countries could default outright.
Or a major money center bank could be turned away from the interbank borrowing market by its peers.
The panic resulting from either catalyst could start at any time."
'via Blog this'
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