Apr 30, 2020 | Private List update
While central banks everywhere are printing currency and governments are handing out billions to individuals via stimulus schemes like helicopter money, we are still not witnessing any bank runs. The media and governments everywhere are quick to say that a bank run is...
Apr 9, 2020 | Private List update
People are getting their funds out of shaky banks with creativity. I’ve been called a fear-monger. But when I see news that Italy is launching a stimulus worth over 40% (!) of its GDP to attempt to revitalize the economy, I can’t help but shiver....
Mar 27, 2020 | Private List update
Last week I wrote about the very shaky position many banks are finding themselves in due to the trillions in derivatives they are sitting on. What can make such a situation worse? People starting to take their money out of the banking system. We haven’t reached...
