Another constellation is aligning and a big financial crisis is brewing this time. - Part 5

https://www.oliverwyman.com/media-center/2020/jul/european-banks-facing-over-400-billion-euro-in-credit-losses-in-the-next-three-years.html

This is just the beginning.  The US banks also face the same imploding debts situation.

Let's recap again.

http://sg-stock.blogspot.com/2020/07/another-constellation-is-aligning-and_20.html

The financial tsunami that I'm projecting is based on the following highlights.

Rising US-China tension (trade, economic, financial, sanction, etc)

Excessive monetary policies

Imploding debts

Covid virus

Natural disasters (floodings in China & Japan now, and the US typhoon season)

Unsustainable financial firms' earnings (bond trading income)