What lurks beneath stock market fears

Not far beneath the market's surface is deep concern a number of European and US banks have entered crazy investment plays. If that fear escalates, Australia would be more vulnerable to a potential second global banking crisis than we normally imagine.

Last night I found myself being driven to the airport by a Greek taxi driver. Greeks these days often talk about money and this particular driver had a father in Greece with a large sum in a Greek bank. He asked my advice. I don’t give investment advice but I could not resist explaining that given the clear possibility that Greece would leave the euro, the money might be safer in an Australian bank.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles