Yes the 190% GDP/Debt ratio is unsustainable. In that sense Europe and US debt/GDP ratio looks like peanuts. Check the EU Eurostat #s if you are interested (http://epp.eurostat.ec.europa.eu/cac...2010-BP-EN.PDF).
On the EU stress test, is true there are not comparable with the US stress test. The EU test were made "a l'europe" always scratching the surface but given more importance to the big interest groups and with the typical political balance to not bother the big players. Like always they will pay big time if things are not as "good" as they make us thing.
I think the catalyst to trigger all this big problems in Europe and Japan is in the US now. If US slip in to negative territory again, those problems will explode, creating a major global long double dip recession. Meanwhile they will keep the status quo as long as they can, always protecting the big interest groups involved in the equation.
sisse
On the EU stress test, is true there are not comparable with the US stress test. The EU test were made "a l'europe" always scratching the surface but given more importance to the big interest groups and with the typical political balance to not bother the big players. Like always they will pay big time if things are not as "good" as they make us thing.
I think the catalyst to trigger all this big problems in Europe and Japan is in the US now. If US slip in to negative territory again, those problems will explode, creating a major global long double dip recession. Meanwhile they will keep the status quo as long as they can, always protecting the big interest groups involved in the equation.
sisse
Dislikedhe put a figure on European bank debt verses u.s. banks comparably. i always thought 3 or 4 times.. but i will take his word for it. just like i have said a ponzi scheme for japan. stick a fork in japan.. . and a shell game for the e banks.. now if if the ecb is printing is yet to be known. but now you see how the bs bond sales are bought....Ignored
Pending conversations? PM for a chat...I am mainly in OTM now
