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.
No comments:
Post a Comment