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Saturday, July 25, 2009

Eight signs for when the worst is behind us

“We are looking for eight signs before we get bullish again,” added Eric Roseman in his presentation:

1) Unemployment must stabilize
2) Home prices must stabilize
3) Domestic consumption must rise
4) Bank lending must grow
5) Toxic assets and bank balance sheets must be fixed
6) Auto sales must stabilize
7) Credit spreads must narrow
8) The dollar has to decline

“Only the last two have occurred. That gives us a very bearish outlook going forward.”
-- from "Recession Forecasts, 8 Signs for When The Worst is Over, The Booming Loonie and More!" by Addison Wiggin and Ian Mathias

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