Posted by parkridge77 on 6th of May 2010 at 02:00 pm
pthoreson- was just with someone who was formerly very high up
in Royal bank of Scotland last nite--- by sheer chance-- so asked
him about this.
His view is that Germans approve the pkg.-- they have to---
Union is at stake.
He says Market is trying to break the Euro like they did in fall
2008 & it ain't gonna happen.
Also he has done a lot of work in China. So I aksed him
about the realk estate bubble brewing, 60% vacancy in new buildings
heart of Beijing etc. He was totally unimpressed & said 2 or 3
years to China is absolutely nothing more than a blip in their long
range thinking. He says it's something Western culture
doesn't grasp overall.
pthoreson- was just with someone
Curious to know....
Posted by parkridge77 on 6th of May 2010 at 02:00 pm
pthoreson- was just with someone who was formerly very high up in Royal bank of Scotland last nite--- by sheer chance-- so asked him about this.
His view is that Germans approve the pkg.-- they have to--- Union is at stake.
He says Market is trying to break the Euro like they did in fall 2008 & it ain't gonna happen.
Also he has done a lot of work in China. So I aksed him about the realk estate bubble brewing, 60% vacancy in new buildings heart of Beijing etc. He was totally unimpressed & said 2 or 3 years to China is absolutely nothing more than a blip in their long range thinking. He says it's something Western culture doesn't grasp overall.
Anyway-- those were his views fwiw.
PARK
Park, thanks for that.
Posted by pthoreson on 6th of May 2010 at 02:21 pm
Park, thanks for that.