<blockquote>'..The marketplace now better appreciates the systemic nature of what is unfolding. Problems at Europe’s “periphery” will not be easily resolved by German and French guarantees, eurobonds, a leveraged bailout fund, the ECB or the Chinese. The markets recognize there will be no quick fix, while worries mount that global finance and economies may be much less sound than earlier believed.
..
..European banks are likely still in the early innings of their historic retrenchment..'
- Doug Noland (
Source, November 25, 2011)</blockquote>
Context<blockquote>
'US Banking System In Trouble' - '..the US have cloned Japan's failed policies..''..fiat inflation is a powerhouse of social, economic, cultural, and spiritual destruction.' - Jörg Guido Hülsmann'..central banks worldwide are rendered insolvent..' - '..[there] will emerge a new global economy that is stronger and healthier, provides better living standards..'Banking Reform</blockquote>