An Important Caveat
Posted: May 5th, 2009 | Filed under: Blog | Tags: Bernanke, Fed Chairman’s testimony to Congress today, Lee, lee munson, Munson | No Comments »Check out this post from Seeking Alpha.
An important caveat is that our forecast assumes continuing gradual repair of the financial system;
That really says it all. We will be fine as long as the banks recover. I don’t know about you, but that is a big assumption to make at this point.
Read the full article here.