The Bank Collapse Will Spread To Japan And Europe??
- The Bank Collapse Will Spread To Japan And Europe
by https://kingworldnews.com/
The bank collapse appears set to spread to Japan and Europe. KWN will be releasing another audio interview later today. For now…
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Contagion And More Banks Collapsing
March 11 (King World News) – Alasdair Macleod, head of research at Goldmoney: “Powell has got to walk a very, very tight line between trying to protect the currency and ensuring that the financial system doesn’t suffer a risk contagion type collapse [after the 2nd largest banks failure in the history of the United States].
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But as the U.S. walks through this (bank collapse) we begin to think, ‘What is the position of the Japanese banks?’ I see they were heavy fallers today. There was a big Japanese bank which fell 6%. The others fell 5%-5.5%.
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Also, what’s going to happen with some of the larger banks in the eurozone? We know up to now that the relationship between the share price and the balance sheet, capitalization, the book value, is around 20%-25% in some of these banks. That’s just option money on their survival. We now have an event beginning to come into play which is going to call their survival into question.
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