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JPMorgan Warns U.S. Money Market Stress to ‘Get Much Worse’

 

◆ Severe funding pressures in U.S. money markets tipped to resurface heading into year-end by JPMorgan who warn that financial stresses are likely to ‘get much worse’

◆ Goldman Sachs and Bank of America also warn funding issues remain (see below)

◆ Federal Reserve will start buying $60 billion of Treasury bills every month

◆ Funding markets are on notice for a possible year-end liquidity crunch

◆ Growing stresses in U.S. banking and financial system should support gold

Spot Gold Price

Spot Gold Price

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Prepare Now! Risk Of Contagion In Today’s Fragile Monetary World

 

Full story here
Mark O'Byrne
I founded GoldCore more than 10 years ago and it has been my passion and a huge part of my life ever since. I strongly believe that due to the significant macroeconomic and geopolitical risks of today, saving and investing a portion of one’s wealth in gold bullion is both wise and prudent.
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