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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (24497)	11/19/2009 8:40:30 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 71442

Yes no joke, 190-year old Cazenove survived everything, including the big depression, WW II, the fall in the 70s and the Big Bang which erased 8 out of 10 then competing firms. But they found their master - an avalance of cheap dollars from America. The ill fated JV marked the downturn of Caz´ as their highly regarded loyal list of clients turned to other brokers.... that´s it. Local (british) commentary which you wont find in WSJ sneeringly comments on the sellout of the last british investment bank. JPM paid an obscene price considering Caz´ recent P&L statement. They paid 50x recent profits. But we know better: they paid in clownbucks, not gold coins.