| Table of Contents: | | | | GEOGRAPHIC REGIONS : NA, United States, EU | | | | TOPICS : economy, banking, debt, derivatives, finance, growth, prices, property, regulation, government | | | | SIGNIFICANCE : As the first anniversary of the global credit crisis approaches on August 9 (when the US credit contagion spread abroad) there are few signs that the situation is improving. Global growth will face severe headwinds as long as this phenomenon persists, particularly in the context of the US housing market correction and historically high energy price |
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