I beleive somebody here alerted us to a great article about
Europe back in November. We lost our five institutions that
were levered at 30:1. Bank of England and Deutche Bank are
levered at 50:1. The US exposure to emerging market soveriegn
debt is 500 bn, Europe is at 3.5 trillion. The second shoe to
drop in this drecession may be overseas. I make no claim to
the validity of these numbers as I never let the facts stand in the
way of a good story.
Ralph
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Failure to save East Europe will lead to worldwide meltdown
Posted by saturn6 on 15th of Feb 2009 at 08:35 am
The unfolding debt drama in Russia, Ukraine, and the EU states of Eastern Europe has reached acute danger point.
Ireland ‘could default on debt’
Leverage
Posted by ralph on 15th of Apr 2009 at 02:58 pm
I beleive somebody here alerted us to a great article about Europe back in November. We lost our five institutions that were levered at 30:1. Bank of England and Deutche Bank are levered at 50:1. The US exposure to emerging market soveriegn debt is 500 bn, Europe is at 3.5 trillion. The second shoe to drop in this drecession may be overseas. I make no claim to the validity of these numbers as I never let the facts stand in the way of a good story.
Ralph