This is the End of the Experiment: What the Central Banks Know That You Don’t – Lynette Zang
“I think there’s going to be a crisis this year. I don’t think there’s going to be a soft landing, I don’t think there is a disinflation. I think there’s going to be a hard landing,” warns Lynette Zang, chief market analyst for ITM Trading. Zang tells our Daniela Cambone, “We’re in the middle of that transition from LIBOR — that interest-rate benchmark —in the U.S., SOFR. And they’re getting some pushbacks particularly from [collateralized loan obligations] and I don’t think they can make the transition.” Zang explains. She continues by saying that “there are 610 trillion notional value contracts that have to be converted and even with their mathematical fixes, they cannot get the SOFR to show interest rates the same as the LIBOR. That impacts all the contracts that still have LIBOR embedded in it.” But how could this actually impact everyday people’s life? She further says that it will make the generated income from bonds or other contract-based debt instruments much smaller. “Student loans, credit cards, mortgage statements, car loan. All of the sudden, they look different.” Zang also shared that she saw the central bank digital currencies ("CBDCs") are becoming more prevalent worldwide and that China has demonstrated its leadership in “showing us the way of getting adoption of the CBDC and how to control a society.” In terms of crypto, Zang said bitcoin will remain popular because Wall Street has embraced cryptocurriences more recently. But she said she would not hold value in it.
#federalreserve #gold #libor #investing #inflation #china
⭐️ Join Daniela Cambone's exclusive community ➡️ https://danielacambone.com
➡️ Follow us on Facebook: https://www.facebook.com/StansberryRe...
➡️ Follow us on Twitter: https://twitter.com/stansberry
➡️ Follow us on Instagram: https://www.instagram.com/stansberry_...
➡️ Follow us on LinkedIn: https://www.linkedin.com/company/stan...
-
1:38:24
JoBlo Originals
9 hours agoFriday Night Flicks!
66.9K9 -
5:09:20
Nerdrotic
14 hours agoAgatha All Along Geyest Show EVER! Rings of Power Girl POWER! - Friday Night Tights #320 Jonny Law
131K42 -
1:18:43
Edge of Wonder
11 hours agoPager Explosions: How Technology Can Be Used Against Us
73K20 -
8:19:47
Akademiks
16 hours agoDiddy Arrest Footage LEAKED! Police Say He's ON S*ICIDE watch after Being Locked up in MDC BROOKLYN
189K90 -
11:44:20
Total Horse Channel
21 hours ago2024 WDAA World Championship Show | Friday | Arena One
72.9K1 -
4:16
The Worlds Funniest Animals
11 hours agoAnimals Gone Wild Compilation
57.3K19 -
2:22:56
WeAreChange
14 hours agoDiddy Will Get EPSTEINED?! The Power Brokers Are LOSING IT
105K59 -
1:56:20
Twins Pod
1 day agoWar Hero or War Criminal? | Twins Pod - Episode 31 - Eddie Gallagher
123K28 -
2:00:23
2 MIKES LIVE
17 hours ago2 MIKES LIVE #119 Open Mike Friday!
35.6K1 -
2:02:21
Quite Frankly
16 hours ago"Diddy's Jail Guards, Crowder's Sting, When UV Attacks, and More..." 9/20/24
38K10