Re: Re: La Caixa property portfolio writedown

#102590
Anonymous
Participant

It’s easy to misinterpret economic data, especially in a foreign market which is different to the one back home. Is la Caixa expanding, or contracting – dumping its housing stock on the market at reduced prices? Here’s another link:

http://www.elpais.com/articulo/english/Caixa/on/the/lookout/to/buy/other/savings/banks/elpepueng/20110128elpeng_3/Ten

Is there a lack of transparency? Almost certainly. And some misunderstanding? Definitely. Do I understand it? No.

But then, on the few occasions I visit a casino I set myself a limit and walk away when I’ve lost the amount I can afford to lose, with my credit card safely locked in the hotel safe or left at home. I might have a walk down to my local Caixa tomorrow.