Bail Out Pyramid?

Countries and central banks bailed out most of the big financial institutions (except the few one they did not like), and many small banks they let go bankrupt.

Espen Gaarder Haug


Several big corporations got bailed out one way or the other.

And now we see that several counties “need” to be bailed out some way or the other.

Who will bail out the biggest countries? Simply the electronic fiat-money printing press?

Well let’s hope the world economy stabilizes before the house of cards is bailed out with air, air and house of cards are not always a good combination.

Hope for the best, plan for the worst!

Espen Gaarder Haug

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Filed under International Econnomic Politics, National Economic Politics

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