MARKET INTELLIGENCE – 23.11.07

Macroeconomics

Anyone who had expected the situation in the financial markets to calm down was disappointed. The turmoil continued and all of the efforts made by politicians and ‘experts’ to alleviate the situation failed. The current trouble in the housing markets and the possible consequences for private mortgages could enter a second round as more banks will soon have to adjust interest rates. After the problems in the USA the trouble could now also spill over into other markets such as the UK where speculation about the potential risks has finally hit the headlines in the last couple of days.

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