'Junk Bond Market Crash Awaits
Equities: 30%
Cash/Bonds: 70%'
long dated bonds in the northern hemisphere are also awaiting a crash.
for the big banks, only around 20% of money for mortgages and leaning come from capital and deposits and they cannot use most of such, as it working capital and capital for creating credit to fund overdrafts and credit cards!
where will they get money to fund mortgages and lending?
