I am not a sheep, I have my own mind
I have had enough of being told what and how to think
Whilst we are still allowed the remnants of free speech,
I will speak out.
I also reserve the right to discuss less controversial matters should I feel the urge.
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Thursday 16 October 2008
Down, down
The Nikkei fell around 11% during trading today, which means it is down more than 51% on its 12 month high. How long will it be before Mitsubishi UFJ's purchase of 21% of Morgan Stanley has to be called off as MUFJ decides to concentrate the money from its millions of Japanese investors in something less risky than a troubled American investment bank? A guaranteed 10% return on the putative investment is something not to be sneezed at but can MUFJ be 100% sure that their $9.2 billion is 100% safe?
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