Bank crisis coming round again (as thinking people knew it would)

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.

This entry was posted in Main Page. Bookmark the permalink.