David Smith: Economic Outlook
As we approach the first anniversary of the great meltdown (having passed the second anniversary of the start of the credit crisis), many questions are unanswered.
Financial markets are calming now, as my charts show. The gap between money-market interest rates and Bank rate is returning to something like normal levels and stock-market volatility (the surges and slumps in prices) has also subsided. But the questions, and challenges, remain.
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