Showing posts with label Investec. Show all posts
Showing posts with label Investec. Show all posts

Monday, March 17, 2008

Today's Award for Stating the Bleedin' Obvious....

...goes to Philip Shaw, chief economist at Investec, who said:

"Five billion pounds represents a substantial sum."

I can see why he holds down that job, with such a tight grasp of quantitative analysis :) Actually, to be fair to Mr Shaw, I'm sure the quote was plucked from a longer answer to a hardcore question around the turmoil in today's financial markets (this sentence is the one to protect me from a defamation suit- can you tell?).