I'm no expert on the sharemarkets or banking industry, but it seems that this is a massively volatile week
- Politicians in America are so immersed in Greed and Corruption (the true weapons of mass destruction) to make the required fast decisions
- Banks are paying the price for years of easy credit the world over
- It worries me a bit that most of NZ's Banks source funds offshore
- Same with the "Cullen" Fund and Kiwisaver schemes?
- Some european countries are hastily nationalising their major banks to create a buffer for themselves
- If a solution is not found soon America is going to unravel like a ball of string
The Radiohead song "House of Cards" springs to mind.
Interesting days ahead folks....