“HCS Worldwide” are thought to be convinced that global credit and equity markets will face implosion if the US House of Representatives fails to pass a new bailout bill.
The Senate passed the amended bill this week but greater importance is attached to House endorsement according to a source close to “HCS Worldwide”.
World markets have continued to exhibit volatility and interbank borrowing rates have remained stubbornly high placing increasing pressure on corporate and businesses depending on the ability to roll credit facilities to pay wages and purchase materials.
The “HCS Worldwide” source said that although the plan was a highly inflationary solution to a highly deflationary problem, the alternative was a sharp and sustained collapse in asset values and decimation of confidence in the global banking system.
“HCS Worldwide” have apparently advised clients to seek safety in shares of so-called “recession-
