The market is depressed. The people are not.
The debt markets exist. But you are looking at a lot less for a short term costing a lot more. A lot of the banks will be properly back into the game by 2010. It will help to have companies based in ship finance exporting countries.
The capital markets exist. The bond market is open at very reasonable rates. The equity markets are open for existing issuers but valuations are poor.
We may have a rebound this year thanks to stimulus plans and fiscal loosening, but the underlying damage is
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Tags: · Angeliki Frangou, Charles Fabrikant, Dahlman Rose, DVB, Elliot Etheredge, Felipe Menendez Ross, First Ship Lease, Gary Wolfe, Goldman Sachs, Hamish Norton, Harris Antoniou, Igor Kuzniar, Irving Place Capital, Jefferies, Jim Tisch, Michel Bourgery, Navios, Northern Shipping Funds, Octavian, Oivind Lorentzen, Peter Georgiopoulos, Philip Clausius, Seward and Kissel, Simon Smith, Sunder Reddy, Ted Young, Tobias König, UBS, Ultrapetrol
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