The Past is Harbinger of the Future Confidence is Worth more than Gold

It will surprise no one that the industry’s fall from euphoria has occurred but the enormity of the shift in sentiment and fact is starkly reflected again and again in a review of Marine Money ship finance surveys taken over the past 5 years. Gone are the uniform expressions of confidence.

Our survey from 2005 was full of hope, confidence, bonuses and budget targets made. Sure there were the usual responses that lenders were not being adequately compensated for the risks they were taking, but that was explained by the majority to be simply a function of supply and

This is only an excerpt of The Past is Harbinger of the Future Confidence is Worth more than Gold

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