"Worse Than 2007" Warns Top Level Banker as Central Banks Out of Options!

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Sources:
S&P 500 Little Changed Amid Struggle to Rebound From August Lows - Bloomberg Business
http://www.bloomberg.com/news/....articles/2016-01-19/
World faces wave of epic debt defaults, fears central bank veteran - Telegraph
http://www.telegraph.co.uk/fin....ance/financetopics/d
Big banks continue retreat from mortgages
http://www.cnbc.com/2016/01/19..../big-banks-continue-
Hollande outlines jobs plan to tackle economic ‘emergency’ - FT.com
http://www.ft.com/intl/cms/s/0..../5d48678a-bdbe-11e5-
UPDATE 3-Italy bank stocks plunge, brokers say tough 2016 ahead | Reuters
http://www.reuters.com/article..../italy-banks-stocks-
Saudi Arabia buying up farmland in US Southwest
http://www.cnbc.com/2016/01/15..../saudi-arabia-buying