Credit Crunch / Northern Rock etc, =
Bad loans (lobbox),
Lack of credit (lobbox and guffaw),
Lack of cash (yeah right, hence M3 flushed!)
Lack of cheap credit (guffaw).
What do we see?
ECB pumping HUGE quantities of cash into the system.
Fed making historical borrowing rate cuts!!!
Share values fluctuating wildly on a frequent basis
Gold jumping to $909/oz despite huge share gains.
Food prices of staples increasing sharply.
China has a meat supply problem
US debt never been higher.
Thoughtful of the US “authorities” to have all those camps ready, looks like there going to be receiving some guests soon.