Monday, September 1, 2008

Credit crisis until 2010?

Sobering piece from The Economist here, which concludes as follows:
So the markets (and the developed economies) are waiting for a catalyst for recovery. Lower commodity prices helped for a while, and may help further if they encourage central banks to cut rates. Evidence of a bottom in the American housing market may also do the trick. But the crisis seems certain to linger into 2009, and could even make it into the following year.

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