The situation is far healthier. The risk of another Asian crisis is very low.

You need to put effort into determining the return, which is largely linked to the risk of the borrower.

We see a substantial risk of a financial crisis as an integral part of an Icelandic 2006-2007 recession. The funding squeeze of the banks will probably force them to reduce lending to domestic players, and force a sell off of external assets.

A crisis like this one shows that the risk is global.

The biggest risk for IBM is not the restatement of revenues and growth, it's more the potential for a crisis of confidence.

The crisis in the Middle East has caused a heightened risk aversion amongst investors. They are worried the fighting will weigh on government budgets, travel, leisure as well as profit growth.