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Glossing over reality, again?

April 23, 2009

There has been a spate of Q1 result announcement all around the financial industry – over the past few years, this would have been an occasion for fabulous one-upmanship. This year, the tone is decidedly more mute, as each bank hopes the shareholders would quit breathing down their respective necks and that the damned market would please have more faith in the organization.

And yet, being in the industry, I feel a completely deceptive and forced air of positive outlooks on the back of suspiciously good Q1 results. Sorry to play spoilsport but might I point out that there is no wisdom in creating another bubble before the previous one has finished bursting?

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