CNBC/Yun Li/2-11-2022
“My suspicion is they are going to keep raising rates until something breaks, which always happens.” – Jeffrey Gundlach
USAGOLD note: With the amount of leverage in the system, as noted here on Friday, something could break in a major way. Margin debt on stocks, for example, is at record levels (Nearly $600 billion and 50% higher than it was in 2008 just before the credit crisis). One need not be a Wall Street analyst to guess what might happen once investors begin liquidating those positions. And that is in only one small corner of the leverage universe.
