Ozcan’im.. Sanin hedge fund dunyasinda da yurusun hahaha
Written on October 15, 2008 by ozan
THE ROOT OF THIS CRISIS.. “I have my money in XYZ Bank .. Is it
safe? Should I move it to ABC..” The sms I just got from my ba
rber in Istanbul .. 2 weeks ago, similar messages were coming to
all of u about American or UK or European banks.. On way to DC,
even the FT colomnist Martin Wolf told me how surprised he was
on how “quickly this confidence crisis moved..” We, in Emerging
Markets, lived through these many times in many countries.. Unfo
rtunately, now the globe is the stage .. Sure most Western banks
are getting nationalized, de facto or for real.. But this time,
the fear moves to other EM countries etc .. U may give Liquidit
y forever; but it will take time for confidence to be restored..
. And since those sms messages keep coming, we are not yet there
at all globally.
