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Markets may confront more credit aftershocks INVESTING
- Article from:
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International Herald Tribune
- Article date:
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May 14, 2008
- Author:
- Mike Dolan Reuters
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Mike Dolan Reuters
International Herald Tribune
05-14-2008
Markets may confront more credit aftershocks INVESTING
Byline: Mike Dolan Reuters
Edition: 4
Section: FINANCE/BUSINESS
LONDON --
After six weeks of calm, global financial markets are bracing for one more aftershock from the nine-month-old credit crunch.
While the worst of the financial storm may well be over, the quarterly accounting scramble at banks and brokerage businesses that has defined the crisis to date means that it is probably wise to fasten your seatbelts again for the next four weeks or so.
For sure, the end of the second quarter is likely to be a quieter echo of previous crisis peaks in September, December and March. They ...