http://www.15bedtimestories.com/2009/04/28/light-at-the-end-of-the-tunnel/ That Keep Entrepreneurs Awake at Night Mon, 15 Feb 2010 13:36:55 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.15bedtimestories.com/2009/04/28/light-at-the-end-of-the-tunnel/comment-page-1/#comment-226 John Tue, 28 Apr 2009 15:25:18 +0000 http://www.15bedtimestories.com/?p=290#comment-226 There's an interesting counter-argument to Sirkin that suggests that we're through the first, smaller wave -- and it has little to do with the health of business sectors or companies. Wave one saw individual assets shrink dramatically -- home values have dropped 20% and individual retirement accounts double that. Wave two is all about consumer debt. The question is whether the government and private sector can manage this second wave effectively enough before it drops, and minimize its impact. There’s an interesting counter-argument to Sirkin that suggests that we’re through the first, smaller wave — and it has little to do with the health of business sectors or companies. Wave one saw individual assets shrink dramatically — home values have dropped 20% and individual retirement accounts double that. Wave two is all about consumer debt. The question is whether the government and private sector can manage this second wave effectively enough before it drops, and minimize its impact.

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