It is interesting that there are this many IPO’s from banks. I was under the impression that the IPO market was almost dead, I really don’t follow it very closely, and to find this many from one sector is surprising.
How about those pension funds
How about those pension funds using smoothing to adjust earnings? I wonder if anything will actually change?
Jakarta
When I was in Jakarta, the juxtaposition between the sparkling high rises next to the horrible shacks without plumbing was striking. They were almost right next to each other. High rise, slum, high rise, slum. I give our huge middle class the nod for the major reason we are stable.
Dr. Douglas Rice 