US News

1855 readers

1 users here now

News from within the empire - From a leftist perspective

founded 5 years ago

MODERATORS

JPMorgan’s chief strategist: "we think there is now a higher likelihood of a crisis over the next 6 to 12 months, the severity of which could be higher than market participants anticipate" (www.ft.com)

submitted 1 year ago by yogthos@lemmy.ml to c/us_news@lemmygrad.ml

18 comments fedilink hide all child comments

cross-posted from: https://lemmy.ml/post/5708539

archive https://archive.ph/lOBFQ

you are viewing a single comment's thread
view the rest of the comments

[–] yogthos@lemmy.ml 4 points 1 year ago

I'm expecting this one will be a lot worse because the last one was stabilized by China buying up a fuck ton of US bonds. Fat chance of China bailing US out this time around. Not only that, but around two thirds of US bonds are held by the Global South, and these countries are now dumping the bonds.