Welcome to my scrap book. These are collections which I gather when I browse the internet. The contents are copied from the websites and blogs I visited daily and are for my reference. None of them is my own. Hope you enjoy them as much as I do.
Wednesday, November 12, 2008
Banks are all abt confidence. Because they borrow short (FDs) n lend long (mortgages). Cannot withstand bank runs, even if it is fake.Same thing abt economy. If everyone think slowdown n pull back on purchases/investments, the economy will slow