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Finance: Investment

With property in a rough patch, don’t dismiss holding cash

By Andy Davis   September 2011

The signals from world equity markets in early August were loud and clear: risks are being rapidly and radically re-priced, and with good reason. Economic growth is slowing quite sharply in the developed world; recession may be on the way for some. Whether or not it arrives, the prospect of slow or no growth combined with vast government borrowing and uncertain political leadership is toxic for markets. Banks and their shareholders look horribly exposed.

Small businesses, the backbone of the British economy, have been showing caution for some time. They are reducing their exposure to risks from the banking system…

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