Hi Tinhat,Like you, it seems, I've been listening to Lance...

Hi Tinhat,

Like you, it seems, I've been listening to Lance Roberts and other guests on Wealthion.

It seems to me that the risk aversion levels of the global commercial banks ought to be rising in the face of rising credit risks on the vast debts out there. This risk aversion presumably results in the tightening of lending standards. This increases the risk of defaults, creating more risk aversion, and in due course maybe panic. I don't see much chance of either central banks or governments arresting this self-reinforcing process if it gets underway. They seem to me to be too misguided, inept and/or divided.

I doubt if any stock will hold its price if a liquidity crisis hits, particularly cash-needy ones. Maybe the best buying opportunities are still in the future?

I'm no expert, nor a financial adviser.