Credit Hurricane

Discussion in 'Economics' started by r2d2, Apr 24, 2008.

Are we in the eye of the credit hurricane or is the worst behind us?

Poll closed May 24, 2008.
  1. The worst is yet to come.

    30 vote(s)
    68.2%
  2. The worst is behind us.

    14 vote(s)
    31.8%
  1. If top government employees say it's over we have nothing to worry about. I 100% trust my elders.
     
    #11     May 19, 2008
  2. r2d2

    r2d2

    #12     May 20, 2008
  3. r2d2

    r2d2

    #13     May 20, 2008
  4. r2d2

    r2d2

    Many Hurricanes, Many Eyes
    http://globaleconomicanalysis.blogspot.com/2008/06/many-hurricanes-many-eyes.html

    Excerpt:
    "Often times it is not the leading front of the hurricane that does the most damage, it is the backside. Here is the three stage pattern of hurricane damage.

    * Winds from the front side weaken but do not destroy structures
    * The eye of the hurricane brings a foreboding sense of unnatural calm
    * Wind comes slamming from the opposite direction as the eye passes over, shearing structures from the opposite direction

    The "calm" Bernanke thinks we are in, is nothing more than the prelude to the back side of a hurricane."
     
    #14     Jun 23, 2008