Daily Reading on the Financial Markets: 6/27/12
A must-read article from Zero Hedge charting the dramatic change in systemic risk since 2008. It’s a dangerous new world. This chart provides a synopsis:
Wolf Richter at Testosterone Pit looks at the dangerous side effects of permanent low rates and QE that even Central Bankers are finally starting to acknowledge.
Mike “Mish” Shedlock points to net liabilities within the system as evidence that deflation is winning out.
Barclays gets busted for effecting trillions of Dollars worth of loans by manipulating LIBOR and it’s fined… a couple hundred million??
Is the ECB actually considereding NIRP (Negative Interest Rate Policy)?? Wow. From Zero Hedge. Good for vault sales and bad for bank deposits, I imagine.