A Global Eurodollar Shortage

It is no wonder, therefore, that credit default concerns in financial markets have declined substantially. Investors feel assured that big banks won’t default on their foreign currency liabilities — as such a credit event is considered politically undesirable, and central banks can simply avoid it by printing up new money.

Watch for the Federal Reserve to soon issue another round of massive US dollar liquidity SWAPS to the ECB.

All of the above are signs that global imbalances have created such distortions and complexity that the global economy is increasingly exposed to the inevitability of a "Black Swan" event!

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Disclosure: Information herein was obtained from sources which Mr. Long believes reliable, but he does not guarantee its accuracy. None of the information, ...

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