All contacts quoted in this week’s Ranger will remain anonymous, for their sakes and mine...
One was vehemently adamant that the elections meant nothing for the loan market outside the US. “Why would the US elections impact the loan market?!” he questioned.
When the Ranger pressed for more details, the banker gave a strong warning: “Don't look for a story where there isn't a story.”
Well, global events do have a way of penetrating the loan market eventually...
Another contact also renounced the US election as irrelevant to European loans. “It's a side show!” he exclaimed — then said the UK’s Brexit negotiations were far more important.
The banker argued that the European Union needed reform because weaker member states were not pulling their weight. “Why do you need more muck on your shoulder? I try to have a good relationship with neighbours but I don’t take off my last clothes and give it to them!”
The Ranger may have misheard the banker's next statement, but is reasonably certain that it was: “30% of Russians are still voting for Communism because they want Rasputin back.”
However mind-bogglingly bizarre current affairs may become, we can always rely on the loan market to put a unique spin on events!