While the Cyprus bank scalping has not completely played out, we are very surprised at the strength capital markets have shown in the face of such an event. The continued concern is contagion of a bank run as most certainly Cyprus banks will have issues keeping their deposits once the banks open. We cannot image a situation where given the stated haircut, ANY logical person would keep their deposits in the Cyprus banking system…..the Question, Where might they put those deposits?? (A bit worried on this)
Next Week Good Friday honored, Taxes…Tick Tock
Next week is a short week with Friday being honored as Good Friday. As such banks, capital markets, government entities and our office will be closed. While such an early Good Friday (last year it was almost four weeks later) seems odd, the honored and restful day may give many good family time and a chance to catch up on their taxes. Tick, Tock….get moving if you have not…..Uncle Sam wants a us!
Quick Trip and Rock and Roll
This weekend brings a quick turn around trip out-of-state with Sunday back home for a Tennis tournament for Sophia (8-year-old) and the annual Rock and Roll Dallas 1/2 Marathon for myself (a bit unprepared, but always fun … wishing for cool weather)
Have a great Friday and a super weekend…Thanks for reading our work!
PSS Anyone know why as we get older it gets harder to sleep??? Would think it would be just the opposite!214-706-4300 http://www.jkfinancialinc.com 8222 Douglas Ave # 590 Dallas, TX 75225