GFC mark II? Leading researcher says global financial markets could face major correction – PM

World financial markets could be facing a major correction, which could lead to another global financial crisis.

The risk for financial markets this time around comes from student loans, which are being packaged up and traded by big investment banks, just like sub-prime mortgages were before the crisis.

But those in the market say they don’t know what all the fuss is about and claim the big end of town hasn’t been this relaxed about the markets for decades.

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