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Finance company shakeout had to occur: Brighouse
Tuesday 18th of July 2006
Brighouse also predicts further failures in the finance company sector. But he says one of the worst aspects of the question-marks hanging over the sector is it will drive New Zealanders who are already wary of the entire financial sector back into their default investments – bank deposits and real estate.
Brighouse warns about investor perceptions of risk, and how wrong those perceptions...
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