The New CS Board

[jumanji0881]

Financial crises brewing ? -

My Comment: After decades of Central Bank manipulation of the global economy, I think a major financial crisis or multiple major financial crises is inevitable. The most vulnerable weak links are the EU and Japan, but they could cause other dominoes to fall. Here's an excerpt from Doug Noland's CreditBubbleBulletin this week:
Unfortunately, we’re early in Global Crisis Dynamics. There’s faltering U.S. “tech,” crypto and Credit Bubbles (to name a few), periphery European bonds, Kuroda’s Bubble, and EM Bubble fragilities. With Chinese equities rallying on prospects for Beijing stimulus measures, China’s developer crisis has fallen off the radar screen. I’d put it back on; things get worse by the week

And this report:
The European Union Is Again Close To A Meltdown
https://www.zerohedge.com/geopolitical/european-union-again-close-meltdown
Excerpt:
In short, when you look at the situation, not only are many of the people living in the Euro-zone politically opposed to Brussels exerting more power, on top of that, the banks are up to their eyeballs with bad debts and holding worthless paper. Simply put, the whole system is rotten to the core. Circling back to soaring inflation, the ECB has little choice but to raise rates in lockstep with other central banks. The Fed rate hikes are toxic to both the euro and the yen. The people of both Europe and Japan face losing a great deal of their wealth if the euro and yen continue to fall.