A Great Weblog of timely and entertaining financial news.

The author is right on target!!

With real unemployment continuing to rise, corporate and private bankruptcies spiking, earnings levels eroding tremendously, asset values tumbling, and credit severely restricted, the “tide” must first recede before it turns and begins to improve. Things are continuing to get worse. Thus, they can not, on average, get better. We must wait and then let the tide reverse.

In addition to coordinated intervention by the governments and cooperation from our financial institutions, we must be patient….
The challenge is to financially survive while being patient.