DAILY BASKET – NEWS COMMENTARY
MARSAL COMMENTS: The European Union (EU) is discussing issuing a law that allows the immediate freezing of depositors’ money in banks that show weakness and sustain a run on them. Continue reading “Are European Banks too Risky?”
DAILY BASKET – NEWS COMMENTARY
CHINA TO ADJUST ITS ECONOMY
MARSAL COMMENTS: China monetary policy will become tighter. Higher interest and less lending is expected, especially for the over-leveraged businesses such as steel, coal, non-ferrous metals and construction materials. The objectives are to gradually deflate the bubbles that have Continue reading “CHINA TO ADJUST ITS ECONOMY”
ARE ALL INTERNATIONAL BANKS HONEST?
We trust banks with our life savings and our hard earned money. We trust their advice and buy their bonds and shares. We appoint them as trustees and escrow holders of our funds. We borrow from them and mortgage our homes and assets to them. More recently, we trust their investment advice and let them manage our portfolios. We respect bankers and listen, with awe, to their opinions about the economy and the world. But, do they deserve all this trust? Continue reading “ARE ALL INTERNATIONAL BANKS HONEST?”
