It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by traderonwallst
The failure risk is no longer in the market. After BSC collapsed, we were literally sitting around waiting to see who was next. That no longer is the case. That was the worst case scenario. If BAC walks away from CFC and CFC collapses, big deal. Market can handle that.
(3) The seven-year slide of the dollar is over
as investors at last wake up to the reality that the global economy is falling off a cliff.
Indeed, the US is the only G7 country that is not yet in or on the cusp of recession. (It soon will be, but by then others will be prostrate.)
As an anti-dollar play, gold is finished for this cycle.