Categories
Gold

Supercharged debt bets unravel and expose Wall Street risks

Click here to get this article in PDF

Bloomberg/Sally Bakewell, Sridhar Natarajan, and Nabila Ahmed

Cartoon showing Wall Street as a slot machine
“’Everyone knows you are playing with fire with leverage,’ said Michael Terwilliger, a portfolio manager at Resource Credit Income Fund. ‘Response to the last panic has built the new panic.’”

USAGOLD note:  Reading through this article you get the sense that Bloomberg might be revealing what could be the tip of a very large and complicated iceberg.


Repost from 4-2-2020