The Big Bank Theory

Its almost impossible for me not to talk about something I have been involved with 10 hours a day, 5 days a week for the last 21 months. No I haven’t quit !

So what have I learned. I have learned enough to invent the Big Bank theory:

In ‘Better times’ the perceived credit risk of transactions is lower than the real credit risk.

Converse theorem:

‘Better times’ seem to be better (increasingly) because of the lowered (progressively) perceived credit risk.

Like all profound theories the Big Bank theory is quite a no-brainer, but there’s catch. The catch is that the converse theorem is the real theory, the Big Bank theory being a mere corollary ! Not even a corollary, an observation actually.