housam Jarrar

Was Q4 2008 the Worst of It?

I do agree with allot of what this article had to say,however,I believe we are far far away from a recovery any time soon.Aside from the obvious alt-A and option arms that will reset in 2009, which will lead to another round of banks tightening their belts(not lending) and raising additional capitol for the lost values on their balance sheets.The banks will have to deal with a much bigger and frightening realitiy of the commercial real estate debacle which will lead to even more write downs and further losses.There is allot of bad news that is not baked into the markets cake and I think that 2009 will in one way or another dwarf what we saw unfold in 2008.But thats just my line of thinking.