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Credit Tsunami Wave II: 2009 – 2012 (and beyond?)

Surf’s up! But this is one wave you may want to sit out “high-and-dry”, far up on the hillside.

Watch CBS Videos Online

Important Notice To Viewers: Beware the obligatory mainstream media “market cheerleading” toward the end of this video. Otherwise, it’s just confirming what we in the blogosphere have been talking about for 18 months or more. Alt-A, option ARM’s, commercial real estate loans, auto loans, credit cards, student loans – much more excitement to come!

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