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Time to hit the panic button

 30/01/2009 |  Stephen |  Teaching, EC4024, General, General, in the news |  

Bank liabilities, as a percentage of GDP, are 800%. OMFG. 

I should stress, that these are estimated bank liabilities. It could be worse, it could be better. 

Panic Stations, folks.

Panic Stations, folks.

Which do you reckon it might be?

HT, Gerard

6 Responses to “Time to hit the panic button”

  1. Dan Sullivan
    30/01/2009 at 10:01 pm

    HFG

  2. Tullaman
    01/02/2009 at 10:21 pm

    Calm down! Actual figure is 368% not 800%.

    http://ftalphaville.ft.com/blog/2009/01/30/51895/spot-the-odd-one-out/

    Corrected version here
    http://alphaville.ftdata.co.uk/lib/inc/getfile/4398.jpg

    Maybe got Ireland mixed up with Iceland.

  3. stephenkinsella
    02/02/2009 at 9:24 am

    Thanks, this actually doesn't make me feel much better, but at least it's closer to 100%...

  4. Fergus O'Rourke
    02/02/2009 at 12:12 pm

    Remembering that bank liabilities are what they owe to depositors, bondholders etc, the estimate is unlikely to differ much from the actual figure. It will not be increased by, for example, writing down the loan portfolio.

  5. stephenkinsella
    03/02/2009 at 9:21 pm

    True, but what might happen if, say, 3 banks were nationalised, and bad debts went to 50/60% of loans to book?

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