If the surf’s down, they drown
Veteran bank analyst Dick Bove gives his views on the fortunes of the banking sector, including the risk of double-digit inflation on the horizon, that bank earnings are going to double over the next couple of years, and that Lehman will survive.
He also discusses how bank managements can’t seem to fight the trend.
“If the surf’s up they make a lot of money, if the surf’s down, they drown,” he said.
Listen to all of Bove’s musings here.