A Traveller's Tale: Predictions for the world in 2010

Insolvency specialist Nick Hood reckons recovery will be a rough ride in 2010, wherever you are.

Last Updated: 31 Aug 2010

The talk this past year or so has been of the Global Recession. But in reality what we have suffered is a large number of quite different recessions in individual jurisdictions, all happening simultaneously and all prompted by the credit crisis – driven in turn by a decade or more of wildly excessive leverage. While these recessions started more or less at the same time, they are ending well out of synch; recovery phases are playing out at widely varying speeds. The result is going to be a rather strange 2010, with one huge elephant in a number of different national rooms. Exactly what will happen when these economic patients begin to be weaned off the massive fiscal stimulus or quantitative easing packages currently acting as a life support for many of them? [CLICK HERE TO READ MORE AND COMMENT]

In today's bulletin:

Co-op leads latest parade of high street winners
BAA battered as 150,000 passengers fail to fly
Editor's blog: Getting out of the Abbey habit
A Traveller's Tale: Predictions for the world in 2010
MT Expert's Ten Top Tips: Get more from your staff in 2010

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