Aug. 25 (Bloomberg) -- Most of the bond strategists and salesmen that Resolution Investment Management Ltd.'s Stuart Thomson talked to last August expected the credit crunch to be long over by now. Instead, money markets show there's no end in sight, and it may even worsen.
It may be premature to assume interest rates are only going down from here. On the other hand, interest rates may go down, but loans will become more difficult to find...
