The smartest of the smart money gets out of property while the getting is good

As just about the only major global investment bank to sail almost unscathed so far through the economic winds of the last couple of years, HSBC know a thing or two about prudent speculations and economic trends, I think it is fairly safe for me to state here.

When they sell their own flagship global headquarters and rent it back off the new owner, I would take that as a pretty clear indication that property prices are not about to explode. Not to the upside anyway.

Wow. That's a LOT of redundancies right there!

27,000 staff to be axed from just one bank in Russia over the next five years. Wow!

Wow wow!

Who the hell runs Sberbank anyway, I wonder?

Can RBS or Lloyds recruit him do you think..? None of that drip-drip-drip-feeding bad news a bit at a time for this guy!

Servicing Gordon's debt for decades to come

I don't think I need to add to this really.