While attending a University Board Meeting, I was able to ask the endorsement funds manager about the economy and thought you might enjoy his team’s perspective.
They believe we can expect another 6-9 months of volatility, which will be tied to the re-setting of all the mismatched ARMs. Corporate America tends to discount early when it hears bad news, so much of the country is in decent shape.
To date, the single most telling indicator is job loss, and as long as that remains modest, conditions won’t become untenable.
There you go …. now support the economy and don’t fire anyone!
- Becki
