The Global Financial Crisis
Telegram Post By Jamie McIntyre
Global debt markets are breaking – pensions and currencies facing failure The global debt market is orders of magnitude larger than the stock market, and debt instruments across the globe have nearly reached the breaking point due to the Fed’s steady increase in interest rates this year. In Tokyo, the Bank of Japan has been unable to find a single buyer of 10-year Japanese Government Bonds (JG for the last three days. The governor of the Bank of England, Andrew Bailey, just warned investors that they had three days to liquidate debt holdings before the BoE pulls out and stops buying up all the failing gilts (bonds) that fund pensions in the UK.
Australian National Review
Original Source: https://t.me/jamiemcintyre/5891