Wednesday, 20 May 2009

The great crash of 08-09

This great crash now morphing into a great depression has stung stock market investors for half their nominal wealth.

Meanwhile the bear market in property is putting one out of every four homeowners underwater - soon to be nearly half, as property slides a further 50% plus.

So, expect banks to suddenly find their capital ratios have sunk - and they need much more taxpayers cash to keep floating.

Jobs for Interim Management experts in the banking sector should abound soon.

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