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Several television financial correspondents were announcing at the beginning of this week that Monday was the first anniversary of the credit squeeze . It is unclear whether any one day can claim that dubious distinction, but August 2007 was certainly a cruel month. During the first full week in August...
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Tighter credit and defaults are expected to have a greater effect in 2008 than they did last year, a survey of businesses in 14 countries affected by the fallout found. Businesses expect slower growth and growing defaults in the remainder of the year and into 2009, the survey sponsored by Atradius reported...