gold 2014

Emerging Markets, Bank Runs, Roasted PIIGS, and Dead FX Bankers

Emerging Markets and Runs on Banks

Well, we don’t have your money Sir, because we lent out to the guy behind you (in the very long queue that stretches out to the street – all of the serfs “wishing” to withdraw their savings to stash under the Ikea mattresses).

Banks runs are back in Thailand - Wall Street Journal.

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