A quote found on Twitter today: "Too much money demand out there. Cash today is like tech stocks in 1999."
Quotes found in a Telegraph story:
"French banks passed stress tests which were extremely tough less than a month ago: there is no cause for worry," said Valerie Pecresse, France's budget minister.
"It is ill advised to provoke alarm," said Michael Kummer, head of Germany's BdB bank federation.
A few things first:
1) There is not enough money demand. Yet.
2) When the government says there is no cause for worry, there is.
3) When bankers seek to quell alarm, be alarmed.
Question: why does it feel like a bank run is coming?
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