Read more on this subject: Central Banks/Banking
News Story Source: https://www.zerohedge.com, by Bill Blain
I must post this line from one of my favourite Financial sector commentaries – Duncan Farr of Jeffries who covers banks: "Here we are 5 weeks ahead of Brexit, and the top 2 performing banks in Europe are Lloyds followed by RBoS." If you ever wanted a clearer hint the supposed Brexit crisis and imminent collapse of UK plc might just be a fictitious political construct, then there you are. Its fascinating just how sanguine the markets have become about the divorce. Sterling is up and who cares?
I have often been told I worry about all the wrong things. According to BAML, (reported on BBerg), the biggest fear of European investors currently is a Worldwide Economic Slump, with 30% of respondents citing it as their primary worry. Yep. I can see why that would be an issue. Only 2% of European investors surveyed by BAML rank Brexit as their primary fear. It's not even in the top 5! (For the record, my primary fear is a Global Liquidity Storm – the sudden and
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