The Bull and the Bear

Generali

Conrad wrote: »

The IT revolution was revolution number 2, I'm on about number 3 now being under way.

I think you will be very surprised how things pan out the next few years.


Banks are putting on masses of cash and they will be a very attractive asset going forwards.

Just promise me that as this boom gets going please don't start threads saying it's gonna end next week!:rotfl:

There is increasing evidence to suggest that modern uses of IT are distorting GDP measurements. GDP is down massively over the past 5 years but unemployment simply hasn't reflected how bad seems to be. What's the cause of that?

For increasing numbers of economists and analysts it's the use of IT not showing up in the GDP numbers properly.

Thrugelmir

Conrad wrote: »

Banks are putting on masses of cash and they will be a very attractive asset going forwards.

On this point you very hopelessly wrong I'm afraid to say.

Literally quite the reverse. If you follow my drift.

Banks will require further capitalisation within the next 2 years.

purch

Generali wrote: »

Maybe.

Actually there seems to be a secular shift going on where asset managers are trying to take a longer viewpoint. That does depend on clients being prepared to so the same thing.

One hopes this secular shift also includes a more realistic viewpoint as well.