A
Andy
All worlds
18 May 2013 14:03Link
There were two reductions recently in required cash levels, mainly in the high levels but also in the mid levels and more will follow as all numbers keep declining although at a slow pace.
I think that when the relation between income and cost (this year and last, during a prolonged period, and one of the two counts heavier) reaches a factor of about 2, the index could reach about 180. It is linear up to about 130-140.
I think that when the relation between income and cost (this year and last, during a prolonged period, and one of the two counts heavier) reaches a factor of about 2, the index could reach about 180. It is linear up to about 130-140.