Matthew Lynn: After Cyprus, Euro Zone Will Slip Into Depression And The Euro Itself And European Equity Markets Will Be Falling For The Rest of This Year! Steve Forbes: Cyprus Bailout Guarantees More Fear In The Future When A Crisis Comes
Investmentwatchblog.com
March 27th, 2013
Cyprus Isn’t Over, It’s Still a ‘Disaster for All of Us’ – Steve Forbes
Steve Forbes – “Because the idea’s out there that now in a crisis politicians won’t hesitate to seize any asset they can lay their hands on. So it just guarantees more fear in the future when a crisis comes, which it will come.”
http://finance.yahoo.com/blogs/daily-ticker/cyprus-isn-t-over-still-disaster-us-steve-125721871.html
BofA: ‘Banks Will Never Look The Same Post-Cyprus’
Mikkelsen says that because of this, at BofA, they “embrace a view that banks will never look the same post-Cyprus.”
After all, according to Mikkelsen, “it is not reasonable to expect depositors to be able to distinguish between banks with strong and weak capital ratios but also – and perhaps more importantly – to be able to anticipate whom policymakers will deem worthy of rescue and who not.”
The Rest…HERE
