"Courage is not the absence of fear, but the triumph over it." - Nelson Mandela A couple of weeks...
"Courage is not the absence of fear, but the triumph over it." - Nelson Mandela A couple of weeks ago I met with a German woman who is a translator by trade. She is getting a lot of work at the moment translating economic reports into German . "What is this credit crunch," she asked. "We don't have a word for it." "Don't worry you'll find out soon," I said. And sure enough, within days, one of Germany's largest mortgage lenders started to go the way of the UK and US banks. The first interesting point is the lag between US and European economies is normally months rather than weeks...
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