Anonymous ID: fe06f2 May 6, 2018, 8:17 a.m. No.1318044   🗄️.is đź”—kun   >>8138

How unhappy should we be that Euro banks may have a crisi?

Russell Napier: The Rising Dollar Will Trigger The Next "Systemic Banking Crisis"

 

"I wouldn’t specifically see any particularly bad credit issues in America. I don’t see it being anything like we’ve seen in the past. But outside of America, I think there would be an awful lot of pain going on as interest rates go higher and higher and higher. Remembering that, roughly, the European banks – I should say non-US global banks – have got a loan book in dollars of about 4.5 trillion.

 

That’s a big loan book for people who don’t really take US dollar deposits. And the implications of higher US rates and a higher dollar mean that the pain may not be so America specific, but it could be very emerging market specific."

www.zerohedge.com/news/2018-05-05/russell-napier-rising-dollar-will-trigger-next-systemic-banking-crisis