This Is the Fear Chart that the Smart Money on Wall Street Is Watching
https://wallstreetonparade.com/2020/03/this-is-the-fear-chart-that-the-smart-money-on-wall-street-is-watching/
The chart that tells you how all of today’s economic troubles are going to end is not the bar graph of new deaths from coronavirus in Italy versus deaths in the U.S. It’s the chart that shows the number of potential deaths among the banks and insurance companies that have gorged themselves on risky derivatives and serve as counterparties to each other in a daisy chain of financial contagion.
