If last summer somebody would have asked me what kind of damage I would expect for the future, I would have said something in the range of 50-60 trillion - ALL TOGETHER. But when just european banks alone, not to mention foreign banks, not to mention the rest of the global economy - if these couple of banks alone have produced a damage worth 18 trillion all by themselves, or roughly arpound one third of the total sum I estimated, then my estimation on the total damage, done in an attempt to follow the principle of realism, would have been very optimistic, I fear.
And people here use to call me a pessimist.
