Wednesday, Jun 25, 2008
The tide is high
Money Week: Why it will be a long wait for the tide to turn
Readers will know that we regularly use the phrase, ‘the tide is going out’ as a simile for the credit contraction. For asset markets ever to recover, which they eventually will, that process of the tide going out has to end. Premature talk of a market bottom, as occurred in March this year, has no merit or relevance to the utter reality that the tide has nowhere near finished going out.
Posted by housebear @ 11:08 AM (356 views) Add Comment
1 Comment
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1. sovietuk said...
At least 5 years before there are any changes in fortune and even that could be over optimistic.