CEO said record profits. So why aren't we at new all time highs.
Good question. Rally on Friday not confirmed on Monday. Central banks worldwide are raising capital requirements. Was 2% now 6% capital reserve requirement. Citicorp CEO expect 8% in 2013. Thank means banks will have to shrink the balance sheet. The banks will have to contract to meet the requirement. Seems to me... Seems to me that the real estate market is due for another dump of properties by the banks, after the election.