Let me get this straight: folks who promoted crypto as a decentralized safe haven are blaming FTX on the lack of government oversight.
FTX crypto implosion a potential Black Swan event where contagion may impact the financial industry & individual investors in unexpected ways.
Gundlach: “housing prices are doomed and the economy could lose several million jobs... refinancing industry completely dead.”
It's the economy, stupid. 8 out of 10 Americans say things are out of control as Europe protests and deindustrialization is silence before the storm.
U.S. east coast has begun fuel rationing as shortages cause higher heating & transportation costs that adds more inflation pressure on households.