US bank enemies at the gates

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investorzzo
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Joined: Nov 7 2008
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US bank enemies at the gates

The real threat comes from foreign creditors who must contend with challenges greater than ever experienced, such as:

  • Shrinking or vanished trade surpluses during global slowdown
  • Their own financial systems in tatters (banks, stock & bonds, currencies)
  • Vast regional construction booms gone bust (e.g. Dubai)
  • Numerous nationwide housing bubbles gone bust
  • Gathering storm from the need to liquidate insolvent banks
  • Reserves erosion due to over-weight in US$-based bonds
  • Systemic problems extended from a generation of USDollar reliance.

http://www.financialsense.com/fsu/editorials/willie/2009/0827.html

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