The Great Unwind Has Finally ArrivedSubmitted by John C on Mon, 06/24/2013 - 23:26
"This upcoming week could be a doozy. So many potential train wrecks from so many different directions to keep your eyes on all of them. Just remember that “credit” is what runs everything and it looks like “credit” is now at the center stage of problems. Should rates continue to rise this week in U.S. Treasuries you should expect to see some very major firms run into trouble. This time around it will be real as there are no solvent white knights left with the ability to leverage up and save the day. The U.S. Treasury and Fed are now in the crosshairs, they need to catch a bid this week or they will be at the center of the biggest one time margin call ever!"