Shock European Banks under Capitalized
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Our Summer hiatus is over’ it’s back to cracking them books, back to stroking our ‘egos’ as we spin the wheel and try and figure out what policy makers next moves will be. Governor Stevens last night was a slam dunk. He was PM’less up to their interest rate release. The BOJ’s Shirakawa said that they are ready to take more action and are watching the effect of their strong currency on the nation’s economy. Them is fighting words! Let’s hope they do not have the same impact as last weeks futile attempt to weaken the JPY.
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