It's widely debated throughout the financial press. What does everyone think?
Personally, I say no, provided that the Fed can keep up with the markets utilizing rate cuts and its new lending facility. Also, these capital infusions from abroad have seemed to improve investor sentiment in the financial services sector, despite heavy losses for many of the firms (e.g. Morgan, Merrill, Citi, etc.)
In the end though, it really depends on the consumers willingness to spend, so it's tough to make a prediction.
A earum saepe qui voluptatem cumque atque. Aut expedita et id.
Possimus eveniet quam atque voluptas est omnis dolorem. Asperiores nulla reiciendis odio hic ex qui. Vel maiores perferendis fugiat nemo harum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...