Wednesday, January 23, 2008

IMF Head Says World Economic Situation ‘Serious’

That's from the World Bank not the Department of Duh.
In a similar vein we have this from Wachovia via MarketBeat:
“Over the next five years, there will likely be important repercussions from the credit crunch,” the analysts warn, adding: “We think those companies most dependent on credit will likely feel the greatest impact.” Also: “Over the next five years, we expect the financials sector to find its bottom….”