Ben Davies: We are Seeing 2008 Style Crash Signals

from King World News:

With so much fear and uncertainty in markets around the world, today King World News interviewed Ben Davies, CEO of Hinde Capital. Davies alerted KWN that his firm is seeing crash signals similar to those of 2008. When asked about these signals, Davies responded, “We’re seeing that lending spreads are widening. Certain rates are starting to look stressed. Clearly there’s a funding issue brewing within the banking sector with what’s happening in Europe. High yield spreads are beginning to widen as the corporate sector is getting crowded out by the needs of the sovereign nations, who keep issuing unbelievable amounts of capital or pseudo capital.”

Ben Davies continues: Read More @ KingWorldNews.com

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