Freaky Friday Potpourri: Flat is the New Up!
Does anyone else feel like they're fighting for their life?You would be hard pressed to find a community that was better prepared for the current environment than we were in the ‘Ville.In 2006 we warned of a “prolonged period of socioeconomic malaise… entirely more depressing than a recession."In 2007 we offered that sub-prime mortgages were the first domino to fall and the other side of zero-percent financing would manifest through credit card delinquencies auto loans and other forms of consumer credit deterioration.Entering this year we readied for deflation and dislocation as debt and derivatives danced towards their death spiral.We ...
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