Adjusting to 'new normal' likely to be key focus of 2010

The past two years have been, from a variety of perspectives, one of the most challenging periods in financial history.

This year is however likely to go down in history as a year during which we all adjust to the ‘new normal’. Investors are likely to gradually leave behind the mindset of doom that has reigned during much of the past two years and with time, go back to a more normal assessment of the newly found economic balance. Make no mistake though, this was no ordinary recession and it will be no ordinary recovery. Debt overhang issues are likely to continue to dominate the landscape. While corporate debt issues progress, concerns regarding sovereign debt have perhaps not surprisingly now come ...