Credit check

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Readers' comments (3)

  • Credit crunch

    It is impossible to tell where all this is leading. The problem is nobody knows exactly where the bad debt is so you can't make headway in halting market volatility.
    There is no confidence left in the market and so we have to play a waiting game until confidence is restored. No one is capable of knowing when this turbulence in the market will end.

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  • Positive outlook

    This volatility is all part of how the system works. I have no doubt that there will be recovery and we are already starting to see signs of this. Activity has already started to return to the US the markets. I think it is interesting to note the quick recovery and adjustment of some of the European emerging markets.

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  • Consumer confidence

    I have no doubt that the "markets" will recover and that the banks will continue to buy and sell debt as they have always done so. For me the issue is how all the talk of the credit crunch has impacted on consumer confidence. People are beginning to batten down the hatches and inevitably the media will talk us into a recession. They are already doing so in the US and it’s only a matter of time before we see this impacting over here.

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