The Korean banks' intrinsic value has improved since the crisis, but still substantially below the global average. More needs to be done, and one way is to have strong foreign banks have a stronger controlling presence because it changes the whole competitive dynamics.
More Quotes from Thomas Byrne:
Generally speaking, if you're going to divide a pie, it's better to have a bigger pie. It's only natural that if the country gets richer, there are more demands from citizens for greater social benefits. But the best solution would be to balance the demand for social welfare services with the ability to grow the economy up to its potential growth rate.Thomas Byrne
Not every home inspector is truly qualified to perform an inspection. And it can be tough for homeowners to judge the professional qualifications and experience of a home inspector.
Thomas Byrne
A decline in the savings surplus will pose a long-term risk if public debt is not brought under control,
Thomas Byrne
Although we recognize that Japan may be able to sustain a very high domestic debt burden by world standards, we believe there is a point for any nation beyond which debt levels become unsustainable,
Thomas Byrne
If investment is strong at 7 percent a year, then 5 percent growth is achievable. But business investment depends on a lot of factors, with government policies being one of them. There are certainly restrictions on business investment right now.
Thomas Byrne
The government is now attempting to fashion a more effective tax policy to rein in the budget deficit and contain debt.
Thomas Byrne
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