Property Grunt

Sunday, September 09, 2007

The R word

Yeah, I said it. What are you going to do about it?

Bear Stearns said it.

Alan Greenspan said it.

Now, we are just waiting for Bernanke to put his two cents it. My bet is that he is going to wait till the last minute before he gives in. At that point, well, it'll be too late to do anything about it.

It is going to be a fun year.