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Thread: Portugals central bank says- don't worry. Even though the market did.

  1. #1
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    Portugals central bank says- don't worry. Even though the market did.

    You'd get dizzy worrying about the stock market, wouldn't you, Bob


    BBC News - Banco Espirito Santo: Portugal seeks to calm fears over bank
    I’m pretty sure the dinosaurs died out when they stopped gathering food and started having meetings to discuss gathering food

    A bookshop is one of the only pieces of evidence we have that people are still thinking

  2. #2
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    The worry is that all the European banks are still very fragile and there is a real worry that any 'shock' could bring them down domino fashion.

    This is the latest one there was concern recently that the fine imposed on a French bank by the US for breaking sanctions was enough to cause it to fail. .

    Disclaimer - This is not financial advise and you need to make your own investigations before acting.

  3. #3
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    Being a mostly self funded retiree, I keep a very good eye on what's happening. The best choice I made [ although I didn't know it at the time ] was to give financial advisers the flick, & do some homework. That allowed me to not be adversely effected by the GFC, my money was in cash. Not great growth, but no loss. Capital guaranteed. There are rumblings of another "adjustment" , from some financial " gurus". I am keeping my ear to the ground. Bob
    I’m pretty sure the dinosaurs died out when they stopped gathering food and started having meetings to discuss gathering food

    A bookshop is one of the only pieces of evidence we have that people are still thinking

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