The decision by 10 US banks this week to repay their TARP money and escape the clutches of the Obama remuneration busybodies more or less confirms that the financial crisis is over.
– Alan Kohler, “Pricing out the crisis”, Business Spectator, 11 June 2009
Alan Kohler is an Australian business journalist that I have a lot of time and respect for. So it was interesting to read him confirm what my own crude Stock Market Seismometer has also been indicating over the last three months… perhaps, financially speaking, things are returning to a state of normality? I’m not qualified to give financial advice, but I’m quietly optimistic that the worst of the Global Financial Crisis is behind us.
Now there’s only the swine flu pandemic currently sweeping Australia to worry about!