Banks Need To Get Used To Not Being A Privileged Industry

Marshall Mays of Emerging Alpha Advisors spoke with CNBC this morning about the state of emerging markets as well as the financial sector.

  • 0:25 Growth in Asia is good because it has avoided U.S. and Europe’s shocks, but the speed of growth has dimmed because of problems in those areas.
  • 1:30 It’s going to take more than a year for the financial sector to realise it is no longer the privileged industry it once was; the Brits are out in front of the problem.
  • 3:10 Yahoo does not represent the realities of the tech industry, and Apple is having problems with quality, and will be under pressure by emerging Asian companies. Design is key.

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