Sunday, March 8, 2009

More doom and gloom…

Morgan Stanley sees U.K. downturn worse than Great Depression

Graham Secker, a well-known equity analyst at Morgan Stanley who covers U.K. equities has warned that profits for U.K companies could drop by 60%, peak to trough. This would put make this downturn even worse than the 1930s. Read more: "Morgan Stanley sees U.K. downturn worse than Great Depression - Credit Writedowns" - http://www.creditwritedowns.com/2009/03/morgan-stanley-sees-uk-downturn-worse-than-great-depression-2.html#ixzz09BzOERR7

Posted by roy @ 07:33 PM (428 views)
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