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Q: What’s an ex-growth, bubble bank worth? A: Less

May 19, 2017 - 12:08 -- Admin

Dalian is stable so far today: Big Iron is rallying as CS tells all that iron ore is going back to $70: Big Gas is down despite oil: Big Gold too: Big Debt is getting creamed again. I mean, what’s a bubble-exposed, semi-nationalised, ex-growth, bank worth? Less that 15x times that’s for sure. Most utilities

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