Monday , 26 October 2026

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Another Big Bank Shock Is Inevitable Unless…

8 years after the credit crisis, most big American banks and almost all big European banks are relapsing in spite of extraordinary central bank efforts to liquefy and engineer profits for them. However, as long as they pose colossal risks to the global economy and draw tens of trillions of dollars of central bank spending (which they mostly hoard on their balance sheets to survive and thrive) away from productive economic use, global growth will continue to stagnate, until it contracts dramatically and implodes the big banks all over again.

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