It’s another round of the credit crisis. Some markets are getting worse than January this time. There is fear that something dramatic will happen and that fear is feeding itself. — Jesper Fischer-Nielsen, interest rate strategist at Danske Bank, Copenhagen; Reuters Yesterday’s action by the Federal Reserve proves that the banking system is insolvent and … Continue reading Roubini’s Nightmare Scenario: A Vicious Circle Ending In A Systemic Financial Meltdown