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music man

When The Banks Get Out

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It seems that as a good investor one should buy low and sell high.

Many of the banks are apparently in a hurry to sell all assets even if they're prime.

Well what do you honestly think? The Banks don't know how to make money?

It's so simple a blind man with a deaf blind dog could sense it a mile off with ear plugs on and blinkers on respectively.

And then Central Banks come in and inject cash to buy these reduced rated companies and interests.

Step 1 is letting the people know that the banks are in trouble - hrmm - and we have financial Armageddon.

Step 2 a.k.a. the dead cat bounce will halt things while the major players get out.

Step 3 we get recession.

Step 4 Repo-time.

Step 5 Banks buy back all the under priced assets they possibly can while the everyday Joe has no idea of the stupid amounts of cash he let them loan him.

Step 6 back to normal growth.

Step 7 NO MORE BOOM AND BUST. :lol::lol::lol:

And so we continue into the sunset for another day (The Business Cycle - some call it).

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id rather steal an unattended grifter and pull wheelies over a closed civic park park while under scrutiny from distant cctv.

if theres time we can make stunt jumps over charcoal streaked discarded pallets, plus by putting slug pellets into tizer - create the perfect woman.

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When The Banks Get Out, You know it's time

This is exactly what happened last year in the Irish property market.

Banks started selling investment property (including their own branches) but told everyone that everything was fine.

They just needed the money so that they could loan more out to the retail property investor - demand was strong.

And now?

Property prices and yields are tanking and nearly 20% of the houses in the state are lying empty.

When the banks move, follow 'em - non matter what the excuse.

(I understand that Goldman Sachs wont put much of their own money into saving their own Alpha hedge fund - they want to give investors the opportunity.

Says it all, really.)

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