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Are we done yet

Calling the bottom in any bear market is fraught with danger. Certainly we have seen some level of stabalization in financial markets and over the last week or so a level of confidence in equity markets. Things are not all rosy however, with the UK publishing a dramatic rise in umemployment last month. That said however, the fall out of any crisis will take some time and unemployment will continue to rise in the early stages of growth.

We have seen increased levels of activity in financial technology projects over the last four weeks. Slim shoots, but important ones, and as a result our investment apetite is also changing.

Perhaps it is now the time to concentrate on improving the state of sterling and appropriate regulation. I only hope that in doing so government does not un-do the small steps of progress made in the last few weeks

1984

Comments: (1)

A Finextra member
A Finextra member 23 March, 2009, 10:19Be the first to give this comment the thumbs up 0 likes

Perhaps boredom will see the end, humans, being what they are, will eventually grow bored of recession.

There is of course the danger that as they have lost faith in banks, they will lose/have lost faith in governments and that could see a long-term change in behavior. Not that this would be a bad thing for some, in fact essential, but things will never be the same.

The young are the ones to watch. The old institution's days are numbered and the young have little respect for the past.

Are we there yet? No kids, a little way to go yet.