The primary purpose of “safe havens” for “big money” is to preserve capital in realtively low-risk, highly liquid markets. There are few markets that offer both.
Experienced investors try to avoid the “confirmation bias” trap by asking what su…
The balance sheets of European banks are piled high with legacy assets — mortgages, real-estate, and other loans–that are tying up precious capital and constricting the banks’ ability to make new, more productive loans.
At the same time, the ban…
