Econ 101, the market crash of the last month or so will become part of the functioning economy in the next 6 months. Lay-offs and restructuring will pick-up speed in a few months. This is the biggest credit bubble burst in the history of our planet. For those of you that think this is some kind of base forming right now, your dreaming. The events happening right now are far worse than anything since the 1930’s. The next leg down in the markets will probably happen in late spring 2009. And that will predict yet another round of lay-off and restructuring towards the end of 2009.
This is not rocket science. I’ve said it many times on this site, 2009 is going to be very bad for RE.
