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gross domestic product (2.8 percent in 2014) is at its lowest since 2007. "The U.S. has come out of the 2008 crisis better than all the others," says Ruchir Sharma, head of global macro investing at Morgan Stanley. "Americans have reduced their debt burden more than the Europeans, while China's debt has skyrocke
Page: HOUSE_OVERSIGHT_029849 →heir European competitors, Barclays, Credit Suisse, Deutsche Bank, UBS and Royal Bank of Scotland added just $9.5 billion. In July, Barclays Chairman John McFarlane was asked if America's banks were eating European lenders' lunch. He replied: "They are doing a good job of it." He added that the U.S. banks "are th
Page: HOUSE_OVERSIGHT_029849 →gross domestic product (2.8 percent in 2014) is at its lowest since 2007. "The U.S. has come out of the 2008 crisis better than all the others," says Ruchir Sharma, head of global macro investing at Morgan Stanley. "Americans have reduced their debt burden more than the Europeans, while China's debt has skyrocke
Page: HOUSE_OVERSIGHT_033482 →heir European competitors, Barclays, Credit Suisse, Deutsche Bank, UBS and Royal Bank of Scotland added just $9.5 billion. In July, Barclays Chairman John McFarlane was asked if America's banks were eating European lenders' lunch. He replied: "They are doing a good job of it." He added that the U.S. banks "are th
Page: HOUSE_OVERSIGHT_033482 →oss domestic product (2.8 percent in 2014) is at its lowest since 2007. "The U.S. has come out of the 2008 crisis better than all the others," says Ruchir Sharma, head of global macro investing at Morgan Stanley. "Americans have reduced their debt burden more than the Europeans, while China's debt has skyroc
eir European competitors, Barclays, Credit Suisse, Deutsche Bank, UBS and Royal Bank of Scotland added just $9.5 billion. In July, Barclays Chairman John McFarlane was asked if America's banks were eating European lenders' lunch. He replied: "They are doing a good job of it." He added that the U.S. banks "are t
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