December 16, 2008
Pay off for 2009
Story link: Pay off for 2009
So it a climate that is likely to be nowhere near as stable as 2008,in 2009 businesses or lenders in general combined, are expected to pay off five times the amount that was paid off this year.
Good luck with that one!
The transformation of the years of easy credit into a financial nightmare for many big companies is illustrated by the Bank of England in its Quarterly Bulletin, which was published overnight.
This transition from credit feast to credit famine is depicted in a chart of the maturity profile of outstanding European corporate debt (stay awake, this matters to you).
Leave a Reply
Related financial stories:
No related postsPrevious: « HSBC Scam
Next: Banking sector bailout! »
Visited 361 times, 1 so far today
