n Management Today - The economic slowdown : leading to weaker demand
|Article Title||The economic slowdown : leading to weaker demand|
|© Publisher:||Richard Havenga & Associates|
|Publication Date||Aug 2010|
|Pages||49 - 51|
In mid-2007 Western capital markets effectively closed to many companies as a result of the US sub-prime mortgage crisis infecting the wider debt markets and causing a chronic Western liquidity shortage. Global investment and commercial banks subsequently suffered huge write-downs in profits and, in many cases, the near collapse of their share prices.
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