I hate to sound pessimistic, but it looks as though the global banking system led by European banks is edging its way towards another big collapse.
That means in just a few short months, stocks could be back at their 2009 lows.
And if the last few weeks are any indication, the impact will also be felt in India…as it did after Lehman Brothers collapsed in September 2008.
But don’t expect things to capitulate so fast. At least not given that central bankers in the US and Europe will attempt one more Herculean effort to ‘save’ things.
[Read more…] about It’s 2008 All Over Again