Italian Banks also in Trouble

After listening to the next Federal Reserve Governor yesterday, who will take over the position next year, it became even more apparent that not only is the U.S. still in dire economic condition, so are many other of the social democracies abounding our world. The mixed economic model is not working but nobody knows how to change it at this point in time. As Jerome Powell talked about the total world debt at levels never obtained before, it ready does indicate “being in uncharted waters” as many economists are detailing.  Zero Hedge points shows, Italy has been in trouble quite a while now and so far what they have done to try to rectify the nation’s problems, it isn’t working.

http://www.zerohedge.com/news/2017-11-28/114-italian-banks-roughly-23-have-npls-exceeding-tangible-assets

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