A SQUARE :: 11Oct07 Where in the credit cycle are we?... with Ernesto Prado
Asset Based Lending
This will occur slowly to start with - but how ugly it can or will get is difficult to forecast. The only certainty for now is that the waves of mortgage resets, the drivers of the crisis, will continue to affect the market with USD 100 bn levels every quarter until at least mid next year. The potential remains strong for volatility and increased risk premia.