Equity markets are cheering up. Why will credit not come along?
Perhaps the greatest cause for concern amid the equity rally is that credit markets, the target of all the rescue operations, are still working on the assumption of absolute disaster.
By John Authers, Investment editor
Published: March 26 2009 18:51 | Last updated: March 26 2009 18:51
Equity markets are cheering up. Why will credit not come along?
Perhaps the greatest cause for concern amid the equity rally is that credit markets, the target of all the rescue operations, are still working on the assumption of absolute disaster.