The credit crisis has gone global and economic indicators do not paint a very rosy picture going forward

 

Submitted: Oct 6, 2008    Views: 121    Comments: 2    Likes: 1   


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Sam Cass
Sam_Cass

Good article. As I posted on your Blog, deleveraging is underway and not sure it can be stopped. As you point out, we're in a vicious cycle where bank failures scare consumers who spend less, who get unemployed, who lose more homes, who spend less, etc., etc.

I think the Fed has to cut interest rates.

Posted: Oct 6, 2008

andys2i

I agree with you and thanks for commenting at my site as well. Time for exteremly risk averse strategies and to remember cash is king for now.

Posted: Oct 7, 2008



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