Tuesday, 30 September 2008


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....

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