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IN MAY many investors took comfort in the view that the worst of the credit crisis may be over.
"We think that the latest labor market statistics support our view that the worst phase for the Spanish economy may now be over," Barclays wrote to investors on Tuesday.
Cantor Fitzgerald analysts Caroline de La Soujeole and Sam Thomas said: Despite [Thursday's] sharp share price fall we see scope for further downside and do not subscribe to the view that the worst is over.
"I remain of the view that the worst outcome next year would be either a Conservative or Labour only government – because only the Lib Dems can anchor the country in the centre ground".
Kim Sun Bae, an economist at Goldman Sachs in Hong Kong, said, "We believe these data reaffirm our view that the worst in the cyclical downturn is already behind us, with stronger export growth bolstering domestic demand.
The Fed's statement indicates its view that the worst may be past.
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After an initial fall this morning, Barclays shares edged 1% higher to 170.5p, reflecting a view that the the worst of the political storm may have been passed.
I also have a view that if the worst thing that can happen to you is you fail, that's not such a bad thing.
The Court's view that even the worst of criminals should be offered the chance of rehabilitation is a noble one.
Singapore's non-oil exports slipped back in April from March following two months of growth, reinforcing the view that while the worst of the downturn may be over, there is no clear sign of recovery.
"Our view is that the worst human and environmental crisis is not climate change," Vic Svec, Peabody's senior vice-president for global investor and corporate relations, told the Guardian in a telephone interview on 30 July last year.
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