2011: Year of the bank run?
"Facing facts like these, each morning when I wake up I have to wonder, 'Why is today not a good day for a wholesale run on the Irish banking system?'" asks Scott Minerd, chief investment officer at Guggenheim Partners. "And if there is a wholesale run on the Irish banking system, then what stops the same scenario from cascading into Portugal, Greece, Italy, and most importantly, Spain?"
Happy New Year!
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It may feel like no one reads this, but some of us do. I gave up doing my blog for that reason and now I just post on other peoples.
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