Leverage..........from Rico

With the World awash in 'liquidity' no one has seemd to notice that it's all in the form of leverage or cheap debt, and not real capitol or equity.

The US banking system is leveraged at 13:1.

BUT, EUropes banking system is leveraged at 26:1. [This borderlines Lehman's 30:1.]
- At these levels, a 4% drop wipes out ALL equity.

Japan's banks are leveraged 23:1. Fwance's 26:1. Germany's 32:1.

Got the idea?

WORSE, the FED is leveraged at 53:1!