Elephants in the room

One elephant in the room is quite enough normally, two is a definite luxury! You can ignore one elephant, but two, I do not think so!

Elephants are sizeable, no one will disagree with you on that point, actually seeing two , well  that is totally different, very hard to miss! Yet the general media appear to have not to see them.

With the euro zone,there has been an elephant stamping around for 2- 3 years, it is occasional seen at summits, but then  it disappears into the long grass .We all know that at some time, it will have to be discussed, but at the moment, let’s leave it under the carpet. But it does cast a large shadow over the future of the euro.

There is a second  elephant, almost a phantom, but has now been seen lurking  in darkened financial corridors. The phrase libor was one only heard normally in closed financial circles, but I have a sinking feeling that by the end of this year, libor will be discussed  on train stations and bus stops, and in general conversation.Every financial transaction was based on Libor, from loans, mortgages and overdrafts and even credit cards.We will soon realise how this has affected us all

The potential fall out from this one will make the demise of Leeman Bros look like a passing  shower. The fallout will affect everyone. This will grow gradually over the summer months. This is a developing story, and one to keep your eye on.

Just thought that you should be aware of the elephants. Hindsight is just a way of coming to terms of what has happened. Foresight tells you what is going to happen.

To be ahead of the game in European equipment leasing, you must have a company that has its finger firmly on the pulse. Hindsight is no good, foresight is what is required.

For further information on elephants or even European equipment leasing, just give Oak a call.