Fade Risk as a Credit Crunch Begins

A credit crunch is likely forming. That’s bad for the risk-on rally in US shares and crypto. But it’s likely to be positive for cash and Japanese shares as risk aversion mounts with signs of slowing growth.

Since this is my first day back in the office from my week at the beach, I’ll highlight this view with what I used to call a “links post” back in my blogging days. My hope is to give a sense of what’s going on in markets and the economy by highlighting articles that encapsulate the tone of markets and the direction of the economy. Then I’ll give you my take on what the articles are telling us. (Click on each bullet’s text to read the articles.)