Second Wave on the Way?
July 6, 2009We’ve been hearing a lot lately about the “second wave”. Although it seems like we’ve made it through the rough patch and confidence is slowly on the rise, many pundits agree that another blow to the economy could be coming our way. True, it’s tough to imagine another October ’08 or a frozen real estate market– the kind reminiscent of this past November thru February. But it could happen as unemployment continues to rise, ARMs reset, and foreclosures spike again.
An article from the SF Business Times was published today that highlights some of the ominous, looming forces that have yet to fully play out in the markets. It will be interesting to see what happens. While we don’t deny there is another wave coming, we’re curious how it will compare to the first one… particularly since there has been so much government intervention. As the article states, the size of the second wave could hinge upon Obama’s reappointment (or not) of Bernanke, whose term ends in February. Guess we’ll see how things shake out, and we’ll be prepped with boogie boards (or life preservers, depending).
Click HERE to read the article in full.
It's coming, but how big will it be?
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