See why it is likely with more bank turmoil in Europe. Europe has a banking system that outsizes its economy more than 3.5 times. The United States has a more equity based economy and a relatively much smaller banking system of 1.7 times its economy.
Source: Bloomberg
The United Kingdom and France looks very vulnerable with a banking sector 6 and 4 times its economy respectively.
Geir Solem
Elliott Wave Technician
Copyright (C) all rights reserved
Source: Bloomberg
The United Kingdom and France looks very vulnerable with a banking sector 6 and 4 times its economy respectively.
Geir Solem
Elliott Wave Technician
Copyright (C) all rights reserved
