Bob Rodriguez: “We went over a waterfall but the river is still flowing south.”

June 4, 2009 at 10:00 am  ·  Category: Macro Economics, Market Commentary

It appears that we have seen the worst of this credit crisis in the sense that we went over a waterfall but the river is still flowing south.  The bulk of the economy’s credit problems are still to come, as charge-offs on trillions of dollars in loans remain to be recognized.

– Bob Rodriguez, First Pacific Advisors, “V-Shaped Recovery Outlook Is In Vain” (subscription required), June 3

Excellent piece by Bob Rodriguez, First Pacific Advisors, posted on Barron’s yesterday.  Highly recommended.  E-mail me for a link.

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 

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