Jump to content
House Price Crash Forum

Sovereign Risk Alpha: The Banks Are Bigger Than Many Of The Sovereigns


Recommended Posts

This is why a few years ago I said America likely can survive this coming crisis, but Europe not so likely. The biggest banks in America like Bank of America at the time only had balance sheets 1/7th the size of the nation's GDP.

Compare to Ireland where its banks were far larger balance sheets than Irish GDP. The Irish state was not able to handle the defaults on the huge balance sheets when they started.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.