- This topic has 218 replies, 9 voices, and was last updated 9 years, 9 months ago by
.
-
Posts
-
Well paps, there’s a thought.
Maybe I will tell her that I am feeling generous this
year and plan to buy her a new top and bottom 😉Never give up, never surrender.
Re that 6th November for a possible low.
I would extend that and say that I don’t like the
look of the first half of November and think that
the bulls will struggle to make any progressNever give up, never surrender.
Well paps, there’s a thought.
Maybe I will tell her that I am feeling generous this
year and plan to buy her a new top and bottom 😉But you never can tell with women as she is just as likely
to slap my face and say. “Whats wrong with my body !!!! “.Never give up, never surrender.
I was always taught to get off at the top and get in at the bottom…..
I was gonna say I prefer candles, but that sounds even worse….
Have a good sunday!!
“Twenty four European banks have failed stress tests of their finances, the
European Banking Authority has announced. The banks now have nine
months to shore up their finances or risk being shut down.
They include nine Italian banks, three Greek banks and three Cypriot banks”.To me this seems as expected and I always doubted the tests would be set
so tough as to cause any panics. Waste of time paper exercise but when
they do fail I expect this report will have been quietly buried 😉Never give up, never surrender.
Interesting read….. Italy really is flying below the radar….or was !
http://www.eba.europa.eu/documents/10180/669262/2014+EU-wide+ST-aggregate+results.pdf
I read an interesting article yesterday which inferred the opposite along the lines that they had to be quiete serious with this report because they take the reigns on the 4th Nov, kind of like a get out of jail card, “look we did say they were ****ed when we took the rigns so you can’t blame us”….. Otherwise they would be laughed out for having brushed aside any problems.
In the 2011 EU bank stress tests there were 20 banks which failed
but then they sort of fudged it down to 16 and then 8 failures.Never give up, never surrender.
What I found quite interesting in the news related pieces was this bit….
As part of the exercise, the ECB also reviewed the quality of bank assets to determine whether they were accurately valued. That process resulted in banks being forced to reduce the value of their assets by a total of €48 billion, the ECB said. The central bank also identified a total of €136 billion of troubled assets, known as non-performing exposures, sitting on the balance sheets of the eurozone banks.
who knows how the markets will react, maybe it’s already priced in !.? So can the dead cat turn down again now ? 😉
Italy and indeed France are often mentioned as potential
weak links compared with the UK.But I would point out that they both produce a lot of
food and wine and cars.I think it’s the inter relationship of countries that
is their weak link.Never give up, never surrender.
Currently forty of the banks tested would not meet the new 7%
threshold which will be the international standard in 2018 !I think that we would see some UK banks in that list of 40.
eg: in this test Lloyds came in at 6.2%Never give up, never surrender.
My view that these stress tests have been set so as not to have
too many failures, I will explain like this.Imagine other fields of safety. When would we get a safe figure
today of 5.5 knowing that in 2018 it will be 7.0 … the word
that springs to mind is compromise ie we set today’s figure
at what we think can be achieved, not at what is needed.Never give up, never surrender.
- You must be logged in to reply to this topic.