Wednesday, January 21st, 2009
Update: a look back, a look forward
The economies
The start of 2009 sees all the big economies – the US, Europe, China – in slowdown mode. This is a flow-on from the ‘credit crunch’ which has made it much harder for companies and individuals to get credit. Consequently this is affecting consumer spending and hurting sharemarkets because consumers aren’t buying at the level expected by companies and so their profit outlook – and their share prices – are falling. (more…)