Home » Most Recent Stories

ANZ CEO: THE GLOBAL ECONOMY IS NOT AS SOUND AS SOME REALIZE

2 May 2010 by Cullen Roche 1 Comment

Great commentary here from the CEO of Australian based ANZ, Mike Smith. Smith unloads an unusual dose of honesty (from a banker no less!) on listeners when he says the economy is probably much weaker than most are willing to admit. Smith believes we are far from out of the woods and that the second half will prove pivotal in the global recovery.

Source: CNBC

Cullen Roche

Cullen Roche

Bio - Coming Soon.

More Posts - Website

Follow Me:
TwitterYouTube

Disclosures - Unless otherwise noted, authors have no positions in any securities mentioned and readers should never consider this to be investment advice. Always consult your financial advisor before acting on any ideas. Comments Guideline - Readers who denigrate authors or other readers will be banned without warning. This site does not tolerate any sort of reader abuse. The goal of this site is to create an environment that is conducive to learning and better understanding of the monetary system and the investment world. We expect readers to behave maturely and responsibly. We welcome and encourage intense and intelligent discourse, but the site adheres to a strict 1 strike policy. While it is your right to speak freely, it is not your right to behave childishly. Above all else, please enjoy the site. It is intended to be used as an educational tool and we hope the intelligent and mature debate will further that purpose. We hope readers will make an effort to respect that goal. Comments with excessive linking or foul language will be moderated before posting.
Comments
  • David Collyer

    Do not underestimate this man and the ANZ Bank. They are smart, patient and decisive. They have many strategic options available. Oh, and their shareholders will back them with buckets of suddenly valuable aussie dollars.

    05/03/2010 at 9:04 AM