Bank Holiday Rumor?

Coming from the financial industry myself I can tell with with all certainty there is no such talk of that kind right now. Not even on the grapevine with people I know who have sway in the organization I work for. The only thing I've been hearing is that there is a sense of panic among the more wealthy folks about the "fiscal cliff" and how tax increases are going to affect their bottom lines. Wether that means they become more conservative with their spending, put more of their money in tax deffered type of accounts or wether they simply take their assests and run into a more tax sheltered territory are the biggest unknowns.

From what I've seen if anything they've been more conesrvative and have simply been shifting to putting their non essential funds into tax deffering accounts in an attempt to ride it out.

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Last Edited by Hales on 04/05/2013 11:54 PM

People in the financial industry are the LAST to know. My friend had a big title at Lehman Brothers(8 million dollar bonus) and I had to tell him the ship was sinking.