Alles wird gut - die Hälfte ist geschafft... :-)

Goldman's Blankfein Says Credit-Market Crisis May Be Half Over
By Christine Harper
March 5 (Bloomberg) -- Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein said the credit-market contraction that started with subprime mortgages is at least halfway over.
``We're not in the ninth inning by any means, we're maybe two-thirds through, a half to two-thirds,'' Blankfein, 53, said today in an interview. ``I think it will consume our attention for the rest of this year.''
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Europe Outpaces U.S., Reaping Reward of Risk Aversion (Update1)

By Simon Kennedy and John Fraher
March 6 (Bloomberg) -- Jean-Claude Trichet's European economy may be reaping the rewards of risk aversion.

As the U.S. teeters on the brink of a recession after the end of a five-year housing boom, growth in the 15 nations that share the euro is poised to outpace the American economy for a second straight year.
The region's resilience lets Trichet, who today presides over the European Central Bank's monthly policy meeting, focus on fighting inflation instead of cutting interest rates. Because Europeans save more than Americans and splurge less on houses and stocks, the continent is better placed to withstand the global credit squeeze without the need for lower borrowing costs.
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