Hi Darren,

I would just like to put your figures (important though they are) into perspective.

In the UK in Q1 2008, 3.210 businesses and 25.264 individuals filed for bankruptcy (source - http://nds.coi.gov.uk/Content/Detail...6&NewsAreaID=2).

I am certain this is reflective throughout Europe and the US, but I do not believe that we will see the same "carnage" in the Emirates, South America and Far East - simply because these areas do not rely on credit to such a great extent.

Kind regards,

Andy