Two recent stories support the pessimistic view.First, consider this article from yesterday's Financial Times:Addressing a German mutual banking event in Frankfurt, Mr Draghi said: "Financial union does not have to imply the pooling of deposit guarantee schemes, an issue that I know is of concern in this country.
Loans create new deposits, which can be borrowed back from the pool of "excess deposits" thereby created.
With Washington Mutual, JPMorgan Chase will extend its branch network across the country, giving it a major foothold in California and Florida and a giant pool of customer deposits.
Now all it needs is a deep pool of yuan deposits, a generous swap line with the PBOC, an enticing menu of yuan securities, and a catchy, local name with which to market them.
As a consequence, Chinese banks luxuriate in a vast pool of cheap deposits, worth 42% more than their loans at the end of 2011.This cash float gives Chinese banks a lot of room for error.
But Canada, where Mr Munk had settled after fleeing his native Hungary in 1944 to escape the Nazis, had much to offer: a pool of mineral deposits, readily available capital and talented engineers from the country's two big mining schools.
The data require that the synthesis rate, J, of Bcd from its pool of anteriorly deposited mRNA be greater than 200 (molecules/s).
Two experts are in the field, testing the salinity of the soil, the damage to rice stocks, the state of irrigation systems and the possibilities for draining vast pools of seawater deposited by the storm.
