I’d like to greet our readers with this scary thought on Hallow’s Eve. With American consumers showing signs of cracking under 900 billion dollars worth of credit card debt (an amount equal to the sub prime mess ironically) and recent figures indicating 6% of British homeowners paying off their mortgages with credit cards, what could be the damage to Russian banks if the economy here starts to slow. Unfortunately, it is hard to quantify with hard facts, but the answer is not good. With tons of money flowing through the economy and financial system, a lot of no questions asked credit has been given the past several years, hard to imagine but even easier than in the West. Ask us which companies in particular you should be wary of and if this could pose a danger to your bond portfolio.