Are we heading for another credit crunch? Metro Bank this week has reported liquidity issues and the FED is apparently concerned about the balance sheet strength of a number of regional banks.
Will the FED step in with some form of QE?
Unlikely with inflation not yet fully under control plus the FED engineered the rescue of several banks earlier in the year without direct QE. No doubt it will be turned on again given the need to monetise national debts but we are probably still 6-8 months out of that happening in my opinion.
