ANZ CEO: THE GLOBAL ECONOMY IS NOT AS SOUND AS SOME REALIZE

Great commentary here from the CEO of Australian based ANZ, Mike Smith. Smith unloads an unusual dose of honesty (from a banker no less!) on listeners when he says the economy is probably much weaker than most are willing to admit. Smith believes we are far from out of the woods and that the second half will prove pivotal in the global recovery.

Source: CNBC

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Cullen Roche

Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds. Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.

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