As time passes from the summer when the market realised that the US sub-prime lending problems might...
As time passes from the summer when the market realised that the US sub-prime lending problems might bubble up into the economy and the wobbles began, investors have begun to assess how deep the problems run and how to navigate the coming months without stumbling into the next sub-prime bear trap. The Fed has attempted to assist the market by injecting liquidity and reducing lending rates, but we should expect the credit problems to continue rising to the surface for some months to come. Alongside the corporate worries - in other words who has exposure to what - the impact on US consumers...
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