Still on ‘Crash Watch’
“Through the month of September, we’ve been on ‘Crash Watch’ over concerns that a global equity market drop could lead to a liquidity-driven margin call across all asset classes. The watch continues through this week’s FOMC meeting and then into October. What is ‘Crash Watch’? It’s sort of like a Tornado Watch for those of us in the American Midwest.”
USAGOLD note: Not a totally unreasonable reaction to current Fed policies in the face of a developing recession…… “Beware and be wary,” Hemke warns.