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To: loantech who wrote (63710)2/24/2009 2:42:07 PM
From: grusum  Read Replies (2) | Respond to of 78411
 
"Maybe 2010 or 2011 with luck eh?"

i don't think we're going to be that lucky. ahhaha is calling for a structural recession in a year to a year and a half. he says this one is a synthetic recession caused by fear. the next one will be the real thing and that's the first time i've ever seen him call for a recession.

i believe that this is going to get maybe as bad as the guy who wrote the article you posted, thinks it will. commercial real estate will be the next shoe to drop. then the 'massive' layoffs probably begin. interest rates rise and more businesses shut their doors.

what worries me most is the possibility of civil unrest.