Three reasons the eurozone crisis is not a repeat of 2008

Thames River multi-manager duo Gary Potter and Rob Burdett said although events in the eurozone crisis is weighing on market sentiment, several indicators suggest it will not be as severe as 2008.

Potter and Burdett, who run one of the largest multi-manager ranges in the UK, explain why this year will not see a return to the dark days of 2008. 1. US credit markets are stable The managers said, compared to 2008, US credit markets are stable, as banks are showing a lot more willingness to lend than they did post Lehmans. Federal Reserve statistics measuring senior loan officers' willingness to lend showed a 18.8% increase in their readiness to grant consumer loans, compared to a 47.2% fall in September 2008. Moreover, the LIBOR rate this time around is much lower. In 2008 t...