And lest you think the banks were safe otherwise…
I’m obviously a fan of debt maturity profiles. This is the debt maturity profile for the banks around the world. The banks have to raise as much money in the next year as the US government. This isn’t to invest in new stuff. This isn’t deficit spending. This is just their own debt that needs to be rolled over (granted, the US government also needs to roll its debt, so the total amount for the US is much higher). They’ll have to do just as much the next year. Everyone cross their fingers and hope that interest rates don’t rise.
This is also from that IMF report.
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quotingthecrisis reblogged this from crazynutjob
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mills said:
Yeah, but look a few years ahead, you know? You pessimists are all the same, except in some crucial particulars I don’t have time to research. (This assessment is contingent on my understanding that “lower bars are better-er,” which: who knows?).
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crazynutjob posted this
