Should You Invest in Banking Stocks? [View article]
A major concern is that under prospective, new financial regulations capital requirements will be more stringent, necessitating more capital raises and thus further dilution on the part of all banks, including C and BAC.
There is one factual error in this analysis. In today's dollars gold hit $2,500 an ounce in 1980, so this will not be the first time its price exceeds triple digits, unless one is speaking of the nominal price and not the real, inflation adjusted price, a point which should have been articulated.
I found this an insightful, although somewhat depressing analysis. The discussion about credit card debt is probably very accurate and the politicians have to be careful in bailing out the participants in the present subprime and credit fiascoes because of the precedent that will set for the credit card companies/banks when the credit card debt starts to go into default..
Should You Invest in Banking Stocks? [View article]
TARP Passes - Now What? [View article]
My Ten Predictions for 2008 [View article]
My Ten Predictions for 2008 [View article]