Monday, December 28, 2009

EUROPEAN vs US CREDIT Contraction & Mutual Fund Flows

If you're looking for a loan (commercial or consumer) in the US, you better wear your best suit...

....and given that this Credit contraction is global (look here for China) the same is true in Europe.

If you were wondering who is powering the Santa Rally...... it is NOT the retail guy, because he is busy saving & delevering....


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