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Until three or four years ago, oil and mineral producing countries were advised to save resource revenues abroad according to some version of the permanent income hypothesis, which posits accumulation of foreign savings until returns on accumulated capital are sufficient to provide an even future revenue stream.
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But stand-alone investment banks face an even wobblier future than their universal-banking cousins.
It is our belief that the aggregate volumes suggest an even larger future potential.
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…I'm convinced that if we draw on all of this, then we can take these islands, with our proud history, and build an even prouder future.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com