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Posts Tagged ‘what will happen with credit rating downgrades’

Tom Brown’s Dire Outlook for Banking

Posted by Larry Doyle on June 11th, 2012 11:04 AM |

Most market participants are understandably focused on immediate developments in the Euro-zone and the implications of the shell game being played over there for our domestic economy and markets.

From my perspective, the perpetual kicking of the can down the road in Europe and the variations thereof here in the U.S. portend little more than an ongoing slow-motion train wreck for our global economy.

While central bankers try desperately to keep the train on the tracks, the easy money flowing into the system does not come without very real costs. Ask savers and individuals trying to live on a fixed income what a 0% Fed Funds rate does for them. Who else is being negatively impacted? The banking industry at large.

Really, how is that?¬† (more…)






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