Gloomy news from across the waters has erased any hopes that the credit squeeze will ease in the New Year. Billionaire investor Warren Buffett, often referred to as the Sage of Omaha, warned it may take many years for US banks to recover from sub-prime mortgage crisis. Furthermore, property prices in North America are falling [...]

More: Credit squeeze will not ease in New Year

Well , it seems that there will be credit squeeze in certain. but the thing is to see how can be realy effect the ordinaty man