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Eight Economic Trends of 2009
The year 2009 is a transition year for many of us, a year of transition from a “bubble” economy, to creating a more stable, and sustainable economy. What could be the Eight main economics of 2009 ?
Credit is Being Earned Not SoldOver the past 18 months, the commercial finance markets within Australia have undergone dramatic change, resulting in a complete cultural shift within almost all finance institutions. It seems like a lifetime ago – but in reality barely 18 months ago – that mountain ranges of debt were in vogue as the latest Leveraged Buy Out hit the debt finance markets seeking to obtain 5, 6 even 7 times multiples on earnings to support the latest private equity sponsored M&A deal. How times have changed in such a short time period…..