
A Bigger Boat | Frankly #26
The Great Simplification with Nate Hagens
00:00
Is There a Too Big to Save the Moment?
The European banks now have, in my opinion, probably a larger systemic problem than even the other ones. And I don't think the Nord Stream or things like that are going to be repaired, if ever. So next winter is going to be a big deal. Already, I think Germany had to create $2 trillion of deficit to offset what happened this winter. The choice is to let things fail, let things implode, or to backstop them.
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