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Cigarettes And Collateral – Debt Ponzi Showing Early Signs Of Resistance To QE
Friday, November 9, 2012 8:10
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Paul Mylchreest’s latest Thunder Road Report examines various cyclical indications pointing towards a loss in momentum of the artificial recovery facilitated by Fed stimulus/printing actions.
2013 is shaping up to need another major push on the global reflation trade in the form of colossal amounts of money printing by central banks.When in doubt, it’s fairly certain that central banks can be counted on todo even more of the same. They are also facing an additional headwind which has been overlooked. Beginning next year, new regulations (Dodd-Frank, etc) will require an additional one trillion dollars plus of collateral toback the $648 trillion OTC derivatives market.
Full Thunder Road Report Below:
