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German Perspective—07.10.08

07/10/2008

What happened this week: A pretty strange week has come to an end. Around the globe a number of holidays were taking place. The month of Ramadan drew to a close and in China most people and enterprises took their October holiday. Holidays took place in other Asian countries and even in Germany people had the Friday off work. At present, hardly anyone is focusing on the hide and skin markets; people are fixated by the financial markets and are simply waiting for the next incident to take place. People have stopped counting the rising number of bailouts designed to prevent further financial collapse.

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