Why Europe’s and the US’ Banking Systems are in Big Trouble, Will There be Contagion?-Daniel Lacalle

On this episode of Going Underground, we speak to Daniel Lacalle, Chief Economist at Tressis who is ranked as one of the top 20 most influential economists in the world. He discusses the crisis of bank crashes in the US and why more Silicon Valley Bank-style crashes are likely, why the banking sector in the EU is in an even worse situation than the US, the global scale of the problem and whether the crisis will be as bad as 2008, the sanctions war between the West and Russia and why Russia’s economy and rouble have been able to stay resilient, de-dollarisation by global south countries, China’s gradual de-coupling from the United States and much more.

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