Editor's letter

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It's January and in time-honoured tradition, an opportunity for a bit of crystal ball-gazing. In this issue we make a number of predictions about what's going to be hot this year - and what is not. So sit back, relax and let Credit magazine be your guide to the year ahead.

Firstly, if you believe the headhunters, it's structured credit and high-yield specialists that are going to be in the money. This could be the year that a secondary market in CDO trading finally takes off, prompting

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