Normal
Banks are the riskiest asset in a severe Recession, they are heavily geared, reliant on people being able to pay their loans.I reckon that due to the virus disruption of the world economy unemployment will rise and businesses will go broke. Banks may make a loss over the next 6 months.I think it's a brave choice to own them.
Banks are the riskiest asset in a severe Recession, they are heavily geared, reliant on people being able to pay their loans.
I reckon that due to the virus disruption of the world economy unemployment will rise and businesses will go broke. Banks may make a loss over the next 6 months.
I think it's a brave choice to own them.
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