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Denmark is on Verge of Icelandic Style Crash

 
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User ID: 1149307
United States
12/04/2011 11:04 PM
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Denmark is on Verge of Icelandic Style Crash
[link to www.valuewalk.com]


...the breakdown of the situation outlines why shorting Danske Bank at this point is an absolute no brainer. For example, even if one assumes a fairy tale ending in Europe (which is almost impossible) Danske should still be toast given any reversion to the mean in the Danish/Copenhagen housing market, which is a near certainty in my mind. If Europe gets out of hand and the cost of wholesale funding goes up (or away altogether) then Danske is a zero even quicker. The letter notes that Denmark’s banking assets-to-GDP is 454%!!!

...
Anonymous Coward
User ID: 5856261
Denmark
12/05/2011 06:53 AM
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Re: Denmark is on Verge of Icelandic Style Crash
[link to www.dfsa.dk]

Major Danish banks show strong resilience in EU stress test
The four Danish banks participating in the EU-wide stress test all show strong resilience toward adverse changes in the macroeconomic conditions. Danske Bank, Jyske Bank, Nykredit and Sydbank come out of the stress test with Core Tier 1 capital ratios in the range 9.4-13.6 per cent, well above the stress test's minimum ratio of 5 per cent.
Anonymous Coward
User ID: 2975978
Netherlands
12/05/2011 06:59 AM
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Re: Denmark is on Verge of Icelandic Style Crash
[link to www.valuewalk.com]


...the breakdown of the situation outlines why shorting Danske Bank at this point is an absolute no brainer. For example, even if one assumes a fairy tale ending in Europe (which is almost impossible) Danske should still be toast given any reversion to the mean in the Danish/Copenhagen housing market, which is a near certainty in my mind. If Europe gets out of hand and the cost of wholesale funding goes up (or away altogether) then Danske is a zero even quicker. The letter notes that Denmark’s banking assets-to-GDP is 454%!!!

...
 Quoting: XXXX


Hmmm thought the Netherlands were in a predicable situation in that regard...

[link to www.theatlantic.com]

But it does indeed appear that Denmark is off marginally worse.
Ostria1

User ID: 5778426
Greece
12/05/2011 07:07 AM

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Re: Denmark is on Verge of Icelandic Style Crash
Only the butter shortage can bring doom to Denmark!

ohyeah
Ostria
Possum

User ID: 6495482
Australia
12/05/2011 07:08 AM
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Re: Denmark is on Verge of Icelandic Style Crash
Only the butter shortage can bring doom to Denmark!

ohyeah
 Quoting: Ostria1


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