What a Fitch

"Pitch and their pitchfork came to town Friday, another downgrade and this time both sets of debt, local and foreign currency denominated. Either way you look at it, there is no way to paint lipstick on the proverbial pig. The one thing that it may well do is galvanise us, and government, into thinking more … Continue reading What a Fitch

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Banking Spanking

"That is all very nice and theory is excellent (who doesn't love a good equation?), what does it mean in practice? The consequences might actually see a conservative banking sector pull their horns in even more, to reduce risk. And that may well mean that unfortunately Mr. and Ms. Consumer will find it harder and … Continue reading Banking Spanking