The messages are rather confusing: some say we are in a recession, some say we have been in one for a while and some say that we will go into recession next year. Whatever the correct economic analysis may be, the fact is that there is definitely a lot less money about. Banks won’t lend it, businesses don’t have it and we don’t want to spend it even if we have it.

Dispute_avoidance_and_resolution_in_a_recession_December_2008.pdf