@tmh the European are sh.tting themselves, Deutsche is on the slide and this is even before Greece and Italian banking crises returns to the headlines. Stap in its going to get very rough. Much better out than in.
My old colleague Mr Cryan is in deep doo-doo indeed, however so what? We remain exposed to these trends either way as you well know. And we are not/were not exposed to EZ financial exposures directly since this is confined to EZ members – so what is the point?
Do we run away from Bz – weak economy, political collapse; Aus – econ slowdown; large parts of Africa – weak commoditiies, political unrest back again, corruption.
I am failing to follow the train of thought here?