09
Aug
2016
European Banks and Nashville Seminars
Carlos and I discuss European banks in the latest Lara-Murphy Show. We are going to be presenting on IBC for the general public with Nelson Nash–it’s his farewell seminar for Nashville–on Saturday August 13, 2016. Details here.
So the physical economy is set to hit a brick wall, and investors should prepare themselves appropriately for this. Great, I guess some regular stretching exercises might help.
BTW: those “coco” bonds seem like the worst of all possible deals for the buyer. Generally someone buying a bond is looking for low risk and certainty because they might be a bit pessimistic about the future, someone buying a stock on the other hand would do so out of optimism and a belief they will get a better share of the profits. With the “coco” you get all the low returns of the bond, with all the risk of the stock, and you don’t even get a vote as a shareholder… very dirty offloading these shitty instruments onto householders.
Fascinating relationship between the Trump campaign and Deutsche Bank. So difficult to keep money out of politics, but there you go — money is power and power is money.
An early Australian attempt to explain the banking industry.
https://youtu.be/U_SVexaSMwk
I think my tax paid for this. In the name of education, or something…
Can’t remember which episode of LMS discussed negative rates getting imposed on banking customers, so I’m sticking it here as a reference for future historians who might be trying to figure out what became of us.
http://www.zerohedge.com/news/2016-08-19/bank-ireland-royal-bank-scotland-start-charging-select-clients-holding-cash