Issued in August, it had a freefalling bungee-jumper on the cover. It predicted nonperforming loans would rise sharply as weak and overextended borrowers were pushed into default. Just a week later, Nikon sought protection from creditors. The banks should tighten up on their credit. We have told them that.
Bankers say they have learned their lesson, and they remain upbeat.
There's no question there will be some problems along the way. I see tough times ahead. But I don't see a meltdown. Inc. All Rights Reserved.