Even if there's a pick-up today in job creation, we should not see a real improvement in delinquencies until later this year -- there's about a six- to nine-month lag. But I clearly believe the employment market plays a key factor in delinquencies. |
Financial instruments need to reflect the risk tolerance and life cycle people are in. Shop around before deciding where to place your savings. |
People need to choose the risk and savings instruments that are right for them. If a person is very risk averse, then bank deposits are very attractive. |
They don't try to be Wal-Mart. Small banks recognize they need to specialize, rather than try to offer the full range of products. And specialization leads to more efficiencies. |