Investors Chronicle - magazine and web content, April 7th, 2008
Byline: Chris Dillow The credit crunch is hogging the headlines. But there are other big issues. Here's a few of them The credit crunch is the new global warming. It's being blamed for everything from rising borrowing to falling pension contributions. However, the credit crunch is not the only story in the global economy. There are other more positive ones for equities. Here are three. First, profit rates are high. In both the UK and US, returns on capital for non-financial companies are more than a percentage point above their 15-year averages. This matters not only because it underpins sh...
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