Monday 6 May 2013

Blowing bubbles.

According to some financial pundits, Australian banks are testing the boundaries of an imminent 'bubble', similar to that which engulfed internet stocks during the late 1990s.
Meanwhile, bank shareholders are clamouring for more dividends after spectacular first half profit announcements by Westpac and A.N.Z. The punters would like to see the bubbles continue to grow faster ... and to hell with what may lie down the road.
That's capitalism in action for you folks. Here's a little theme song for both bankers and their hopeful investors. Apologies for fracturing the original lyrics of one of my favourite child-hood melodies.

We're forever blowing bubbles,
pretty bubbles in the air.
They fly so high, just like a pie,
but, like your dreams ...
they burst and fry!

Fortunes get a hiding ...
you're left in despair.
while we continue blowing bubbles,
pretty bubbles in the air.

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