Not unusual when its in an uptrend. (hope youre proud of me Hoop)
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Not unusual when its in an uptrend. (hope youre proud of me Hoop)
It looks as if there will be great uncertainty about Banks, not just John Banks, but money banks. We have Cyprus in trouble and Australia with problems about exporting another mountain to China. Does China want the mountain? If Gold yes, but the other stuff like coal and iron ore, we don't know.
Heartland Bank seems to have sufficient capital. But things do look difficult.
This is the problem. You place your cash in the bank, say BNZ. Another bank goes broke and you lose 10%?, 50% of your cash deposit.
Proposals do not seem to require shareholders of the bank to lose their cash!!!
What to do? Should we print more money?
Have a good week-end. (Being retired, the week-end starts Thursday, except for Percy who is thinking about money all week-end).
Having a bit of a sleep in tomorrow.Don't have to be on the road to Geraldine until 7am.Showered and getting ready for bed.
Having lovely dreams counting Heartland dollars rather than sheep.
No uncetainty with HNZ,only bank with a fresh licence,makes us "well positioned."
who is the supreme optimist with 9000 odd shares for sale at 75.00
havent seen it yet , must be good:)
What is the bet they want out at 75c mucked up the zeros.
This is a link to an English Language Cyprus newspaper. Reporting the bank problems with readers comments too. All very interesting if you want to spend the weekend worrying about cash. And bank deposits.
http://www.cyprus-mail.com/bailout/c...iness/20130321
(you may have to copy the link into Google).
hasnt fired a shot today so far. Possibly the end of financial year, reporting season, divs, record dates and general melee throughout the market is having a toll on the punters.