Capital2's Blog

Recruitment and Career advice for the High Tech and Banking Industries

Credit Crisis bottoming out????

Well the markets are more stable, various results have been more positive than thought, the shock at what has been going on in the world of banking has subsided and turned into a world weary cynicism….. is the crisis over?

Well to be honest it depends who you ask. It also depends on the amount of foreclosures that take place over the next 12 months.

House prices seem to be falling in the US and UK or at least not experiencing any growth which is worrying, and the general inflation in the eurozone is not being tackled by Monsieur Trichet and the ECB who will not or cannot reduced interest rates as easily as the Fed or the Bank of England.

I guess we will have to wait and see, the crisis is probably not over, but hopefully will not get any worse before things start to pick up. We see this as part of a wider need for the markets in construction and housing to correct themselves, but hopefully this will be a ‘U’ shaped recession.

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May 12, 2008 - Posted by | Macroeconomic News |

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