Thursday, 14 June 2012

Mansion House speech: Sir Mervyn King says European banks need 'major recapitalisation' - Telegraph

King has got only half of the analysis right! Bankers don't understand the real economy and what moves savings!

http://www.telegraph.co.uk/finance/economics/9332712/Mansion-House-speech-Sir-Mervyn-King-says-European-banks-need-major-recapitalisation.html#

So say I!
at

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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth. ... more!