Market decline not over yet - Blue Planet

He said: “We are entering one of the greatest banking crises in decades. The credit cycle has turned, bad debts are soaring, banks will go bust and stock markets will fall much further. People need to be told the truth as opposed to being spoon fed palliative words.” Murray said that the current liquidity problems are symptomatic of a much deeper problem: that of banks’ mounting bad debts and their inability to sell on some of their loans. “Investors are now very fearful of those markets and it is unlikely that any meaningful liquidity will return to them for a long time. "It is the la...