Jed McCaleb, of ripple and stellar, predicted that in the next couple of years a lot of crypto companies with big balance sheets will acquire one another.
In terms of a big balance sheet in the sky analysis, it is hard to see the government coming out much ahead on the deal, but that was their story and they were sticking with it.
Speaking in Davos, the former head of the Financial Services Authority warned that correcting the global imbalances that helped cause the market mayhem would prove painful for those countries that had run up big balance-of-payments deficits and built high levels of personal debt.
SINCE the euro crisis started in early 2010, the debtor nations on the periphery of Europe have become used to strictures from Germany, not least for running big balance-of-payments deficits.
But Germany consequently has a big balance-of-trade surplus with its euro-zone partners.
EVEN now, when India is desperate to attract capital to fund its big balance-of-payments gap, the red carpet it rolls out is a little dusty.
The single-currency area developed a big balance-of-payments problem during the pre-crisis era; capital flooded from north to south to take advantage of higher returns in the fast growing periphery.
A bunch of big guys balancing on tiny tiptoes: that's one way to describe LES BALLETS TROCKADERO DE MONTE CARLO, the all-male comic ballet troupe that casts men as ballerinas as well as cavaliers in choreographic spoofs.
Should a country develop a big balance of payments deficit, adjustment ought to occur automatically.
Marks says the company's valuation is now "north of $3 billion". Having a big balance sheet will help convince real estate developers to hand over their construction pipeline to Katerra without fear that the three-year-old startup could become insolvent.
The five firms, which declined to discuss their plans for this story, have some of the biggest balance sheets, trading desks and derivatives portfolios of financial institutions in the United States.
