Report comment

Timing is difficult without a crystal ball. The banks should have taken their medicine last year, but the government is apparently complicit in keeping dead matter afloat. The key question is which will come to fore firs, a change in political mindset, or the true nature of the market that will force true price discovery.

I would doubt it would take two years, but then again I said that in 2008 and here we are two years later...