Why have your money in banks when they can just take 15% without notice
Best to be in risk assets with high p/e's - safer than cash
Sentiment: Strong Buy
Your stocks are based on earnings-consumption-Your customers just lost 15% of their cash-Say Bye Bye to future GDP.
Sentiment: Strong Sell
"Your customers just lost 15% of their cash"
As we all know, all cash in the world is in Cypriot Banks. Q
Did you read the notes from the Commerzbank economist the other day? A proposed 15% asset tax in Italy on financial assets to deal with their debt problem.