• South Korea
• Canada
• Sweden
• France
• Japan
• Switzerland
• Hong Kong
• New Zealand
• Israel
Bank of International Settlements has 5 warning indicators that if your country trips one of them, there is a 50% chance of a banking crisis within the next 3 years.
Covid response may have extended that, but what is happening is that those countries are tripping more indicators. For example:
South Korea has now triggered all 5 indicators:
I am nervous about South Korea as I obviously have a lot of work that deals with companies there. Japan as well. The US will have to protect those countries in the interest of national security. I saw Japan took delivery of Russian oil today.
• Canada
• Sweden
• France
• Japan
• Switzerland
• Hong Kong
• New Zealand
• Israel
Bank of International Settlements has 5 warning indicators that if your country trips one of them, there is a 50% chance of a banking crisis within the next 3 years.
Covid response may have extended that, but what is happening is that those countries are tripping more indicators. For example:
South Korea has now triggered all 5 indicators:
- • Residential Property Prices
- • Foreign-Money Inflows
- • Domestic Lending
- • Total Private-Sector Debt Service
- • Household Debt Service
I am nervous about South Korea as I obviously have a lot of work that deals with companies there. Japan as well. The US will have to protect those countries in the interest of national security. I saw Japan took delivery of Russian oil today.
