07-05-2023, 02:20 PM
Got to add another voice to the "no need to adjust", see for example this Bloomberg article from 2015: https://www.bloomberg.com/news/articles/...f=gsU5KkcI
In any case BOA claims assets of $3.1 trillion; even if true a $100B loss is not terribly significant: https://www.macrotrends.net/stocks/chart...tal-assets
Also in the "even if true" category, collapse of the German central bank is also not terribly significant as the European Central Bank is the real monetary authority in the Eurozone and they could simply print euros to shore up the Bundesbank balance sheet. And German debt-to-GDP is around 60%, which is all things considered pretty low. If anything Germany should be taking on more debt as they need to shore up their very rickety infrastructure and transition their industrial base to a more green future.
In any case BOA claims assets of $3.1 trillion; even if true a $100B loss is not terribly significant: https://www.macrotrends.net/stocks/chart...tal-assets
Also in the "even if true" category, collapse of the German central bank is also not terribly significant as the European Central Bank is the real monetary authority in the Eurozone and they could simply print euros to shore up the Bundesbank balance sheet. And German debt-to-GDP is around 60%, which is all things considered pretty low. If anything Germany should be taking on more debt as they need to shore up their very rickety infrastructure and transition their industrial base to a more green future.