#market #economy #monetarypolicy #hoseholddebt
In today's report, I look into how monetary policy will most probably be ineffective against the potentially huge global supply chain shocks as a result of the current crisis that emanated from China.
I will also cover the early market action from London as usual and talk about why I think volatility will continue and why precious metals like gold and silver are the best safe havens out there in the financial world.
HOUSEHOLD DEBT AND CREDIT REPORT: https://www.newyorkfed.org/microeconomics/hhdc
Subprime Credit Card Delinquencies Spike To Record High, Surpass Financial-Crisis Peak: https://www.zerohedge.com/personal-finance/subprime-credit-card-delinquencies-spike-record-high-surpass-financial-crisis-peak
Markets remain complacent about coronavirus despite sell-off: https://www.ft.com/content/e0ca01ee-57cb-11ea-abe5-8e03987b7b20
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