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Posted: 6:38 PM Oct 3, 2008
Local Financial Expert Weighs in on Bailout Plan Passage.
Brodeski says in all likelihood.. we'll see a recession into the first quarter of 2009.
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So now that the rescue plan has been passed.. what happens next.. when can we start seeing some life come back into our struggling economy?
Local financial expert Brent Brodeski says it may not be anytime soon. He says although the bailout plan will help ease the credit crunch and peoples fears a bit.. there is still a long road ahead.
He says there is no telling when we will get out from under this recession.
" The fact that they passed this bill isn't the magic arrow or the panacea but what it potentially does do is prevent the crisis from continuing to go downward.. most likely the news around employment and business growth will be grim for awhile" says Brent Brodeski of Savant Capital Management.
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