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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
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Ashraf
i suspect a apple share buy back is coming soon. jobs is a type of person like hold a lot of cash/power/... Mr cook is not jobs, he cant stop people get their cash back.
The trouble with all the QE is it doesn't find its way into the real economy. It finds its way into the equity mkts. Banks no longer do the job they are supposed to do and even if they decided to start lending to small businesses again I don't believe banks have any credit rating expertise. They have no idea how to assess a business. They are no more than network marketing sales skammers.
In UK all the experienced bank managers were pensioned off early in 1993/95 and replaced with sales whiz kids of the thatcher yuppy variety. The ethos has persisted down the line. So young business start-ups have no hope of obtaining the support they might reasonably expect. That leaves the casino operations to dictate the fate of our economy. It is not a pretty prospect and King constantly warns of problems ahead.
France has major bank problems into its future, I am not sure how we compare !
Have a good weekend :-)