hisah wrote:KulaRaha wrote:hisah wrote:NPLs will chew KE banks returns as long as the econ continues to limp. How long will the numbers be fudged? This pretext show has run for too long. But it'll end soon...
This economy is in trouble yet no one sees it.
The way this report got dismissed and hushed up meant more than meets the eye. Since then I started crunching numbers and focussing on the banking NPLs cocktail statements. And this year I turned bearish banks though I hold CFC, but from a very discounting price of 40/-
I have gone against the markets enough times to know when to take that direction.
http://bit.ly/MlVEPY
during the interest rate spike in 2011 I expected NPL s to spike in 2012. they didn't.
interest rates normalized in 2012, then now we have NPLs spiking in 2013-2014. this makes no sense. shouldn't NPLs have spiked in 2012 and be normalizing now????
The investor's chief problem - and even his worst enemy - is likely to be himself