JPMorgan Warns U.S. Money Market Stress to ‘Get Much Worse’

Summary:
◆ Severe funding pressures in U.S. money markets tipped to resurface heading into year-end by JPMorgan who warn that financial stresses are likely to ‘get much worse’ ◆ Goldman Sachs and Bank of America also warn funding issues remain (see below) ◆ Federal Reserve will start buying billion of Treasury bills every month ◆ Funding markets are on notice for a possible year-end liquidity crunch ◆ Growing stresses in U.S. banking and financial system should support gold Spot Gold Price - Click to enlarge Prepare Now! Risk Of Contagion In Today’s Fragile Monetary World [embedded content] Related posts: FX Daily, September 18: FOMC Meets Amid Money Market Pressures Swiss tourist chief warns against Europe-only

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