Starting the first of 3Q 2010, the bottom will fall out as the pace of commercial real estate implodes......all bets are off then as another $250-$350 billion in option arms and alt-A's begin their resets in the mortgage industry.
After that carnage takes place, the Feds will start a fast pace ramp up in rates.
The Feds are now allowing the big banks to wiggle as much as possible to lessen the impact of the upcoming disaster.
So then where do I park my 403b, which is currently all cash since late July when the previously predicted meltdown was to occur?
My choices are limited to Vanguard funds.
bttt
Pretty much agree with your assessment about commercial RE. On the upside, 2011 will be the year of REIT’s. You read it here first. No, I’m not a broker nor do I play one on TV. However, I have stayed at a Motel 6...haha.