What happened this week: These are exciting times. Drama in the financial markets continues and it is starting to spill over into the hide market in a big way. The situation is starting to get out of control at the moment. The media and politicians are getting excited about the possible impact of the present problems in the financial markets and the ‘R’ word (recession) is being used more and more frequently. This, and the daily news about further problems in the banking system, is adding to existing fears and people are becoming less and less willing to make decisions. This is weighing heavily on purchasing decisions no matter both at a private and corporate level. This is particularly true in Europe and is weighing heavily on market activity; trading is at very low levels.

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