Credit Crunch:Half-Empty??
By: Myles, May 22nd, 2009
SeekingAlpha’s Jeffrey Bernstein makes the case that – as a friend of mines 15 year old son Max likes to say — “things are gonna get a whole lot worse before it starts to get betta.”
Some glass-half-full rosy-eyed thinkers have even argued that the economy is now fixed. You know all the green-shoots and mustard seeds they talk about on CNBC.
HOWEVER, the data you are about to see suggests something quite inapposite to this.
Many have asked where are we going and what should we prepare for?
Our answer is, as we interpret the data: we are just entering the heart of this credit crunch, with likely negative effects on the general economy, if not the credit card market, commercial real estate market and now corporate debt market.
Tags: credit crunch, Market Trends
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