- Fearful of third wave of credit crisis
- Not yet out of the woods on credit crisis
- US housing market to decline further
- Sees spillover from US house market to other markets
- Not many reasons to be optimistic
- Risk of feedback cycle between markets, economy
- Things likely to deteriorate further
- Crisis is clearly not behind us
3 Μαρ 2008
Hildebrand (Swiss National Bank) comments
