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Friday, August 31, 2012

WARNING: We Are Heading For A Market Shock In Septmber or October

WARNING: We Are Heading For A Market Shock In Septmber or October
“The problem is a shortage of liquidity – that is what is causing the problems with the banks. It feels exactly as it felt in 2008,” said one senior London-based bank executive. “I think we are heading for a market shock in September or October that will match anything we have ever seen before,” said a senior credit banker at a major European bank.  

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