ZeroHedge/Tyler Durden/10-10-2022
“One week after former NY Fed guru Marc Cabana… warned that the Fed could follow in the BOE’s footsteps, as ‘the Fed wants to blindly pursue its quest to get inflation down but deteriorating market functioning or frozen credit could push them to intervene.’ Then, Cabana – whose pre-crisis predictive track record is matched only by that of Zoltan Pozsar – explicitly warned that the next market to break will be the Treasury market or as he put it, ‘UST breakdown is a growing risk.’”
USAGOLD note: An overview of how a financial crisis might unfold starting with the thinking of Mark Cabana, head of rates strategy at Bank of America……
