Not really martin. Do your own home work never trust someone else
Farmboy
Yep and those boots will be filled with more insurance. Well those shooting stars was a sign for today when wasn’t evident in the phyzz yet. Armstrong isn’t too good or concerned with short term trading where his down is up and his latest yesterday up is down. Think he’s more concerned with the long term and says both equities and gold will move together at some point. That it’s all about timing. Yeah timing sheesh. Good news is maybe if there is a last low it won’t be a lower low. One good point he makes is while people are speculating recession we’ve been moving in deflation Duh Here any ways not globally and we see by Windocs post gold DOES move in inflation per their dollars just not only from loss of confidence. I can only imagine what it cost in the yuan right now.
Questions grow over banks as profit warnings pile up
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PARIS (AP) — Questions are growing over the financial health of banks, particularly in Europe and the U.S., as they face a toxic mix of low economic growth, bad loans and squeezed earnings.
France’s Societe Generale became Thursday the latest bank to issue a confidence-shattering profit warning, which helped trigger a new sell-off in financial stocks. The bank saw its share price stumble 12 percent and major rivals like Deutsche Bank and UniCredit saw losses of nearly 10 percent.
European banks are not the only ones to suffer. Japanese bank Mitsubishi Financial fell 7 percent on Thursday. In the U.S., Morgan Stanley, Citigroup and Bank of America are down more than 30 percent so far this year.”