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This outlook is essentially a bet that our current predicament is so different that the equity markets won't bounce back at all, even though they survived 1929, the Great Depression, 1987 and a major terrorist attack.
"The company's current predicament shows people are simply spending less on goods, be it in physical or virtual shops," said Hargreaves Lansdown equity analyst Sophie Lund-Yates.
The predicament of local banks could be addressed through recapitalisation via international funds, the exposures of European banks by private equity-raising.
It's her predicament.
This was her predicament.
Knight's predicament is unfortunate.
This presents a predicament.
The predicament was foretold.
My predicament wasn't comparable.
This brought on a predicament.
I laid out the predicament.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com