Emil Kalinowski: BIS Data, Warning Indicators For A Systemic Banking Crisis (RCS 197)

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Interview original date: October 5th, 2021

Topics- BIS data sets: Early warning indicators for a systemic banking crisis, national economies recessions. If a country trips these indicators they have an increased chance for this crisis. The BIS gives 5 indicators/measures relative to each national trend and how much each country has exceeded those thresholds: 1. Credit to GDP gap: Private debt compared to the trend of each country.
2. Total debt service ratio: Debt being paid relative to income (private sector) compared to the 20 year average.
3. Households relative to income: Interest payments.
4. Cross border claims: Capital flows, foreign investments coming into the countries. Bubbles, risk.
5. Residential property prices: Real prices (inflation adjusted prices).
There are 15 countries that have crossed 2 or more of these 5 thresholds: New Zealand, Germany, Brazil, Slovak Republic, Chile, Switzerland, Hong Kong, Russia, China, France, Sweden, North Korea, South Korea, Czech Republic, Canada.

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I miss having Emil in the daily line up.
Thanks George and rebel crew

AllNighterHeider
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Glad to see Emil return to creating online content. His refreshing style and ability to breakdown complex Eurodollar concepts is a benefit to George's stream.

c.p.haslop
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Great to see Emil again!

I appreciate his sense of humour!

remlatzargonix
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Wonderful to see Emil. Thank u 4 bringing in Emil

laurakryzanowski
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really great to see Emil again.. please have him on more!

larsgregersen
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Thanks for bringing Emil on. Terrific information

minky
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I really like Emil. He has a refreshing personality.

zrlgtlh
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Hey give me five minutes your way ahead now, need to pull on my batman costume... (giggles)

jesperandersson
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Emil may have misspoken, but at 14 minutes and 20 seconds he mentioned North Korea.
I just checked the BIS website, could not find North Korea a member of the international banking cartel.

KentJTaylor
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Time for a more recent interview with Emil! Or Snider

andersonandrew
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I think Emil meant Norway rather than North Korea in the "tripped three" level.

tiaretsnyheter
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Says this was a, Oct 2021 interview, they mean 2022?

lowtech_
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Residential property price in Canada has been inflated by foreigners (especially from China). The property here is seen as a better alternative to the highly inflated ones in China, but our locals can no longer afford housing as a result. If you ask me, we tripped all 5 indicators.

rageburst
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no UK on list, no sick south of Europe on list
Danmark not mentioned, no oil empires

Australia seems very dependent on Chinese trends, as well as climatic trends of El Niño
La niña on pacific

szymonbaranowski