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JPMorgan’s chief strategist: "we think there is now a higher likelihood of a crisis over the next 6 to 12 months, the severity of which could be higher than market participants anticipate" (www.ft.com)

submitted 2 years ago by yogthos@lemmy.ml to c/us_news@lemmygrad.ml

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cross-posted from: https://lemmy.ml/post/5708539

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[–] ComradeSalad@lemmygrad.ml 16 points 2 years ago* (last edited 2 years ago) (1 children)

Last time they said something like this, it was a year before the housing bubble crashed and the world financial markets shit the bed.

Can’t wait to see the new crisis.

[–] Shrike502@lemmygrad.ml 8 points 2 years ago (1 children)

Wonder how bad would that one go

[–] yogthos@lemmy.ml 3 points 2 years ago

I'm expecting this one will be a lot worse because the last one was stabilized by China buying up a fuck ton of US bonds. Fat chance of China bailing US out this time around. Not only that, but around two thirds of US bonds are held by the Global South, and these countries are now dumping the bonds.