Banks are preparing for an ‘economic nuclear winter’

 

Love the title first of all, and the theory is not far off. If one listens closely enough to all the economists, they’ve been screaming their heads off that an economic nuclear winter is coming and it is going to make 2008 Economic Crisis look like child’s play. We are facing a serious road-bump ahead and more QE will not help nor stimulate growth.

The current uncertainty over when the U.K. will start the process of quitting the European Union has banks on tenterhooks.

Source: Banks are preparing for an ‘economic nuclear winter’

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