Thursday, August 16, 2012

16/8/2012: €1.05 trillion bad loans + €2-2.5 trillion deleveraging problems

I twitted about the PWC stats on non-performing loans based on German newspaper report earlier today, and here's WSJ article on same. Frightening numbers.

1 comment:

Anonymous said...

Digital money is irrelevant as it doesn't move and doesn't contribute to the money supply.

I read that on the web, so it must be true!

For every liability there is a corresponding asset.