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Saturday, October 29, 2005

eek, sinister

Emerging Europe offers an interesting opportunity that cannot be found elsewhere," he explains. "We hold positions intelecoms companies and banks that enjoy significant catch-up potential. The opportunity for growth in the banking sector is particularly extensive, as between 90 and 95 per cent of people don't have mortgages."

It seems to me a good thing for 95% of a population not to have mortgages, but my reasons for thinking so are probably not the same as this chap's.