Wednesday, October 01, 2008

So you think the USA has problems?

"European banks are generally more levered than their U.S. counterparts."

Paul Kedrosky (htp: Jesse)

UPDATE: the Daily Telegraph concurs.

No comments:

Post a Comment

Unfortunately, because of a plague of spam comments, you need to be a "registered user", otherwise your observations will be buried in a torrent of multilingual nonsense. Please do comment!

Say what you please, so long as it's phrased politely and is not libellous or legally proscribed. Fact, reason and wit are keenly welcomed.