Global Credit Contagion On the Verge Again  By: Captain Hook |
Mon, Feb 7, 2011 Print Email  The following is commentary that
originally appeared at Treasure Chests for the benefit of
subscribers on Tuesday, January 25th, 2011.   Apparent
disparities and idiosyncrasies between Western economies and
China (at center of the emerging market model) continue to grow
more profound, which will eventually end badly by popping the
larger global credit bubble for good this time. This is of
course not to say that our ambitious and greedy bankers and
their crony politicians will disappear overnight, however if the
serial bubbles in stocks, bonds, and anything that moves are
popped, they will definitely have a great deal less currency to
work with moving forward. So, hang onto your hats, because
starting sometime in the first quarter here, or not long
afterwards, we are likely to see increasing volatility begin to
spread across the larger equity complex as a building contagion
in debt markets continues to intensify and sp