Etoile Brilliant

Seeking the Fix That Will Finally Work

Banks won't lend to each other? Let's start the process of ultimate disintermediation - take the banks out of the equation and let the central banks lend directly to the borrowers. What worries me is when Central Banks stop lending to each other. We've already seen the first signs of it with Iceland. Wait until it happens with Italy, UK or even Uncle Sam

Sentiment Overview: Cash is King

I held cash in my Internax trading account. On Friday after Fortis' share price dropped 26% (the JV partner in Internax who holds my cash) I telephoned my dealer about my concerns. If Fortis goes bankrupt, the stocks are in your name and only your first Euro 30k are insured.

Cash is NOT king when there is no where to hide it. I moved it into a diversified government bond fund for last resort.