Follow us on Twitter
Find us on Facebook
Subscribe via RSS
We`re All Doomed!
We struggle in the short-term to see how the eurozone…can break the self-reinforcing downward spiral it has entered into.
Quote by: Nick Gartside (J P Morgan - International Chief Investment Officer of Global Fixed Income and Currency)
Quote made on: 31/05/2012
Quote Submitted by: Jon Butler
Source: FE Trustnet News and Research
Editor's Notes
Well, keep struggling Nick! Just over four weeks ago Mr Gartside had us all reaching for the pills and vodka when he pronounced that, “…a sustained period of heavy losses is just around the corner”. Telephone lines to the Samaritans were overwhelmed following his promises that the “black hole seems to be getting bigger” and “prices could yet fall a lot further as we enter the summer vacation season.”
It is to be hoped that his dash for cover didn`t miss too much of the subsequent June rally, where the eurozone came off its life support and even the double dip UK`s FTSE 100 managed to post almost a 5% gain.
(1 votes, average: 1.00 out of 10)
Loading ...Published on: June 29, 2012
IMF – As Uncomfortable As MFI (But Still In Business)
“Spain`s banks will be able to absorb losses from large adverse shocks without systemic distress”
Quote by: The International Monetary Fund
Quote made on: 2006
Quote Submitted by: Mike Stubbs
Source: "Sunday Times"
Editor's Notes
Well, you couldn`t really make it up. It can only be hoped that the IMF`s computer models have been re-modelled to accommodate a bit more scenario planning since 2006.
As the “Sunday Times” article went on to say, “Only a few years ago, Spain was a poster boy for European dynamism. Banks scrambled to lend. Even as the boom approached bust, the International Monetary Fund declared all was well.”
Nice work if you can get it.
(3 votes, average: 6.67 out of 10)
Loading ...Published on: June 7, 2012
