Showing posts with label Credit Loss. Show all posts
Showing posts with label Credit Loss. Show all posts

Mar 23, 2009

EU Banks : US $ 8 Trillion assets

Are European banks desperate to avoid recognizing a possible loss on their 8 Trillion Dollar US-Holding assets?

US assets, owned by European banks, increased from $2 trillion in 1999 to around $8 trillion in 2009.

In 2008 the Fed lent $600 billion to European central banks to make up for collapse of dollar funding from US money market funds.

What do, as an actuary, make up from this?

Interested? Read more about this possible time bomb at:

Market Skeptics

Moreover the Fed moves that would more than double its balance-sheet assets by September to $4.5 trillion from $1.9 trillion.

This will imply a 15-Fold Increase In US Monetary Base in September 2009.

"Trust" will be a key word in 2009!

Dec 17, 2008

Estimation of World Credit Loss

Have a guess. How much would you estimate the World Credit loss?

Answer: '$ 2.8 trillion' and still growing...

According to Bloomberg the actual losses and writedowns surpassed $1 trillion today,

More details at the Credit Crisis Timeline.

Who cares....
The cost of the US war in Iraq are estimated at Three Trillion Dollar (

Do(n't) worry, be hapy...