NAB 3.05% $25.10 national australia bank limited

Banks going lower- Fergi

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    Fergi, the next thning banks will come out with is that they wont meet earning forcasts etc etc... they will turn and they will become out of favour. Banks are not growing organicly, they cut staff and shut branches to save costs then right it down as increase earnings, they charge fee's where they didnt used to charge, ok for a while but sooner or later they have to run out of cost cutting measures. had the housing market not turned to a frenzy they would have already nose dived. Only a matter of time. In 2-3 years banks are going to have big problem loaning money, excactly whats going on in Japan now. interest rates are at zero there, doesnt matter when people are simply not borrowing.Margines are'nt good for Banks looking forward, simple as that.
 
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