Worst impact of credit crisis yet to come
NEARLY two thirds of UK companies believe the worst impact of the credit crisis is yet to come, new research from Atradius shows.
The next shoe to drop for the financials, and the larger credit crisis, will be the market's acceptance that mortgage related write-downs are nowhere near complete or close to where they are going, where presently in extreme bubble locales like California, much of the market has been halved, at a minimum.