Concerns that markets are close to breaking point are gathering steam on Wall Street, and experts like Jamie Dimon and Larry Summers have pointed to where a blow-up in the financial system could come.
The system is showing signs of stress from whipsaw moves in assets, to growing threats to economic stability, to runaway fears of distress at major banks. Government bonds and pensions are usually seen as safe havens due to the political disarray in the UK.
We are seeing multiple standard deviation moves in things like the Swedish krona, in Treasurys, in oil, and in silver. "These aren't healthy moves." said Alpha Theory Advisors' Benjamin Dunn.
The Federal Reserve's campaign to cool inflation is blamed by many strategists. That has caused bond yields to go up and the dollar to go up.
The CEO of JP Morgan said credit markets.
It was seen with the gilt markets here. There is a lack of liquid assets in a lot of markets.
Credit markets are likely to see more of a crack and a panic. It could be a country, it could be an exchange traded fund.
If you made a list of all the crises, we wouldn't have predicted where they would come from, but I think you can guess at this point. I would be very careful if I were out there.
The CIO at Guggenheim Partners is Scott Minerd.
"They're going to push until something breaks, that's how they're going to push until something breaks, that's how they're going to push until something breaks, that's how they're going to push until something breaks, that's how they
The break will probably come through equity prices, but it could come in other places.
This will end in tears one day.
The head of Ark Invest is a woman.
There are indications of distress in the financial services sector. In Europe, the credit default swaps of money center banks are at all time highs.
There are stresses and strains in the financial system that I believe have begun to show themselves in the UK. We are experiencing a big financial shock.
El-Erian is the chief economic advisor of the insurance company.
It's hard for zombie companies to refinance. El-Erian told CNBC last week that the cost of refinancing makes the numbers look different for companies with too much debt.
It's going to be a problem if you go to investors who overlevered.
El-Erian told CNBC that the Fed will probably break something to reduce inflation.
Economic growth is the most likely culprit. The risk of a recession is an issue for the marketplace.
The former US Treasury Secretary is an expert on the global economy.
"What's happened in the United Kingdom is a self-inflicted wound, but some of that is tremors of what's happening in the global system," he said.
When you have tremors, you probably should think about earthquake protection.
Yardeni Research is headed by Ed Yardeni.
I believe it's already broken. Yardeni pointed to the Fed's rate-hike campaign as the reason for the break.
The dollar has been associated with creating financial crises in the past.
The tight monetary policy here is having a huge impact on the rest of the world.
Kamakshya Trivedi is the head of global foreign exchange research.
There is a debt crisis in some of the more vulnerable pockets of emerging markets.
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