WARNING: Financial Disaster looms as bankers repackage at fastest rate since global crisis over decade ago
Investors chasing high yield to offset inflation...sounds like 2007/8... but it is happening again.
Bloomberg reports everything from fast food franchises to fitness-center fees are being repackaged into bonds.
So-called asset securities have already surpassed $300 billion this year, with US courts seeing large bankruptcy filings last week - making it four straight weeks at least two big firms have gone under.
Will 2007-2009 be repeated?
https://t.me/Nesara_Gesara1
