This clip offers a good summary of the myriad of pressures hitting global bank revenues and balance sheets today. QE programs between 2009-14, helped to paper over problems long enough for banks to enable more bad debt and reckless risk in the financial system; for some executives to cash out (for people like Goldman’s Blankfein and JP Morgan’s Dimon to become billionaires), but it was always a short-term stall rather than a fix…
Raoul Pal, Global Macro Investor Publisher, explains his concern over European banks and lists his troubled bank list.
Here is a direct video link.
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