Where will the credit crunch highway head next year?

L ECONOMY? British Banks are never going to recover to the same highs.

ibnlive.com is on mobile now. Read news, watch videos
be a Citizen Journalist. Log on to m.ibnlive.com NOW!

Top Headlines

Top Videos

Most Popular

• I took calculated risks for higher growth: Pranab  

• Udayan's View: Budget 2009, a game of patience 

• A study in comparison: Education budget up Rs 7K cr 

• Face The Budget: Political response to Budget 09-10 

• The verdict: CNN-IBN panelists rate Pranab's Budget  

• Reform hopes dashed, market watchers feel let down  

• I-T exemption limit raised | FBT rolled back | Taxes and you 

• Pranab skips two paras of Budget speech, apologises 

• Bengal benefits, Mamata and Pranab budget for their state 

• Income tax limits raised; farmers, exporters get sops 

• Watch: Dalal Street reacts to the Budget 

• Budget: Pranab's chance to create his own legacy 

• FM has done a fairly good job: Narayana Murthy 

• Budget to focus on social spend, growth 

• Education reform will be for all Indians: Sibal 

• The Budget That Isn't: Cyrus gears up for Budget 

• EVMs are tamper proof, says Election Commission 

• Watch: Railway exams disrupted in Mysore, Banglaore 

• Watch: Maneka writes to PM over threat to Varun's life 

• One-upmanship: Sonia, Pawar in foodgrain politics 

• Life saving drugs, LCDs cheaper; Set-top-box costlier 

• Buy that big car: SUVs, petrol trucks to cost less 

• Defence budget unchanged; Army gets lion's share 

• Minimum Rs 30 lakh needed to be called wealthy 

• TAX BREAKS, WELFARE SCHEMES IN COMMON MAN'S BUDGET 

• Common man gets a treat, over 15 schemes 

• Health budget up by Rs 4,000 cr, 6 new AIIMS in cities 

• Bengal benefits, Mamata and Pranab budget for their state 

• Full text: Union Budget 2009 

• Software industry gets tax benefits for one more yr 

Photogallery

Find us on Facebook | Join IBNLive community

Stay ahead with G-Talk Buddy | Click now!

New York: What's in store for the global economy next year? CNN's Charles Hodson took a ride with financial analyst Tom Hougaard to discuss the bumpy road ahead.

Charles Hodson: What about 2009?

Tom Hougaard: Equity is dead, British Banks are never going to recover to the same highs..maybe they will in this lifetime but not until I am old. If we look at 2010 then we're going to be in an inflationary holocaust, because of the government's huge spending, they've been telling us since 10 years please save, now they're asking us to spend but it doesn't work that way, we've got a collective mentality.

Charles Hodson: What about other commodities?

Tom Hougaard:Food stuff has a huge potential, but you and I are like a tiger in the Savannah who has lot of weak and dry stuff to feed on but I am going to sit back for quite sometime and not prey. Investors have to understand that if they are spending they have to be prepared for anything.