Relevant:
- Greek Markets Show All at Risk Should Mistake Trigger a Default
- Capital controls feared in Russia after $70bn flight
- Capital Flight From Italy, Greece, Portugal Accelerates; Two Trillion Fantasy...
- Rush for the exits: why China's capital flight carnage will continue
- FATCA (etc.) Already Establishes De Facto Capital Controls For US Citizens
2012-06-19 — theautomaticearth.com
The ending of extend-and-pretend is ushering in a new era of fear and uncertainty which is rapidly evolving into the next phase of the on-going credit crunch.
It is becoming clearer to many that the problems run much deeper than they had perceived, and more people all the time are realizing the systemic nature of the risks we are facing. Fear leads to knee-jerk reactions. In financial markets, it leads to volatility and self-fulfilling prophecies to the downside. It leads to capital flight, and then to capital controls.
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