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Other Economic Factors <br /> • Foreign Investment <br /> — Sovereign Funds <br /> • Currency Concerns <br /> — European Union—the Euro <br /> • Internal conflict—Germany,France,Spain,Italy <br /> • Global linkage <br /> - Housing <br /> • Spreading issues <br /> — Retail sales <br /> — Fuel prices <br /> Public Sector Advisors Springsted <br /> The "Rest of the Story" <br /> • Crisis of Confidence <br /> — Fear is the dominant characteristic of the credit market <br /> — Credit fundamentals are shaken by mortgages,but only by <br /> mortgages <br /> • Fear of Unknowns <br /> — How long will liquidity freeze continue? <br /> — How long will sub-prime issues last? <br /> — What other financial"surprises"are there to be found? <br /> • Economic Results show continued growth <br /> — Most economic statistics show slowing but continued growth in <br /> output,etc. <br /> Public sector Advisoi Springsted <br />