Two events took place that spell disaster for the financial markets. Harvey and Irma count as one of them, and if Mother Nature doesn’t bring down the markets, Dave Kranzler says there is another problem that will. That problem is about to get a whole lot worse…

As the MSM takes shots at the financial impacts of mother nature, PM Fund Manager Dave Kranzler sets the record straight. The financial nuclear meltdown heating up the markets is so severe that the losses will be catastrophic…

smell collapse…it smells like, derivatives napalm bombs (with apologies to Robert Duvall and Francis Ford Coppola).

Banco Espirito Santo is in some deep kimchi.  And so are the investors in the bonds issued by the banks.
And so are the investors who are unwittingly exposed to these bonds and the derivatives tied to these bonds.