Credit crunch ? What credit crunch ?

‎” Credit crunch? what credit crunch?”

Today is important: MARKETS HAVE RETURNED TO PRE CREDIT CRISIS LEVELS. Bear Stearns collapse really started the ball rolling with the credit crunch in May of 2008 and the S&P 500 INDEX was trading 1441. After 4.5 long years we are finally back there. Great news ….but don’t light up the cigars and start celebrating yet. Roll up your sleeves we are only half way there. Private debts have been made public and therefore the private sector is in relatively good shape, now all we need is to deal with the public sector debt and we will be hunky dory…..Some Irish politician I think coined the phrase ” A lot done ….more to do.”

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