Credit Hurricane

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

  • The worst is yet to come.

    Votes: 30 68.2%
  • The worst is behind us.

    Votes: 14 31.8%

  • Total voters
    44
  • Poll closed .
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."
 
Back
Top