How Will It Affect Me ? Bankers Start To Worry
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44.7% of respondents admitted that they were scared of losing their jobs. Interestingly, however, despite continuing problems in the financial markets, this had not significantly increased over the month. 24.4% actually said they thought that their jobs were totally secure, an increase of 5%.
Ever the optimists, 56.9% of bankers thought that the worst of the credit-crunch was behind us, although 40.1% (an increase of 6%) thought that their bonuses this year-end would be no bigger than that paid for 2006.
45.2% said that they thought that stock markets had peaked this cycle (an increase of 6%), 37.6% said that they thought inflation would rise (an increase of 8%) and 67.5% said that they believed that property prices would go no higher in the coming months (an increase of 3%).
As this information was taken before the revelations about further problems at Merrill Lynch and Citi, we will be measuring market sentiment via our Kamada Index again in the next 2 weeks.
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