ML-Implode News - Rickards on Fed Policy; Market Impact of U.S. Elections; and The "Next Big Bailout" (SWIFTLY COMING!)

"The elites see this coming. They are signaling each other. When I say elites, it's not a deep dark conspiracy. Â Christine Lagarde, Mario Draghi, Claudio Borio and Janet Yellen [that] are central bankers, academics and policy makers from around the world. They all know how fragile the system is."
...
"When the next crisis hits, the difference will be that in â€˜98 Wall Street bailed out a hedge fund, in 2008 central banks bailed out Wall Street in 2018 who is going to bailout the central banks? It has got to be the IMF. They are the only ones left with a clean balance sheet. They are going to use their special drawing rights, this world money, to re-liquify the world."

Rickards also says a December rate hike is in the bag (with a "replay" of last year's resulting stock market plunge likely).

Relevant:

Rickards on Fed Policy; Market Impact of U.S. Elections; and The "Next Big Bailout" (SWIFTLY COMING!)