jstratt

A Summary of Q1 Bank Earnings: World, You Just Got Hustled

I appreciate the authors many fine points. When someone provides lots of rationale for their conclusions I listen closely.

At the same time the history of banking crises suggested to me that many of the things mentioned above would happen. Down through history similar steps although not the exact steps have occurred.

It is not in the interest of any country to have a great economic calamity. The world financial leaders seem to have once again stepped in and continue to be prepared to intervene as required to stabilize international trade.

I am not suggesting a boom lies ahead. At the same time $15000 gold and a world economic freefall is not likely.