"Liquidity-challenged global markets are convulsing through a problematic period of de-risking and de-leveraging, and once such a process commences it basically has to run its course. Efforts to intervene in the marketplace, as we’ve been witnessing, are likely to beget only greater uncertainty and instability. Fed take note."
http://prudentbear.com/index.php/creditbubblebulletinview?art_id=10571
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