2009 BIS Report Posted by John on August 23, 2015

FYI… BIS Report ~ March 2009
It is hard to imagine that the graphs look any healthier today because debt/derivatives have only increased since then. Have banks been paying down US$ liabilities? Not very likely with ZIRP!
No wonder Fed hasn’t raised rates…
The situation, now, is even more dire with the Chinese slowdown.
It is difficult to fathom how we will emerge from this mess without a complete and utter collapse of the banking system.
Best, JB

John Budden
(613) 789-1840
jbudden@ipfund.ca
johnbudden.com