2009 crawls to a close....2010 comes closer.
So far most people have, I feel, yet to feel the effect of the near collapse of the global banking industry. I suspect, judging by the post-Christmas Sales, that most people think the worst is behind them....we shall see.
Whether we have double-dip or whatever, credit will be squeezed much further as the banks, including those who have yet to reveal their losses, focus on rebuilding their balance sheets at the cost of lending to businesses and individuals.
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