| 05.08.2008 Opalesque Exclusive: The three stages of the current stress pattern according to LNG`s Gargour |
| From Benedicte Gravrand, Opalesque London: Louis Gargour, one of LNG’s two principals, and manager of the LNG Special Situations Fund, explains why we are currently in the first stage of a three-stage cycle. From the monitoring of credit cycle dynamics, LNG identifies stressed debt, and believes that banking leverage will become more greatly restricted as the year progresses, that this will |
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