Where are we in the credit crisis? How much longer will it last? People have taken to using baseball terms. Some see the trouble as almost over. We’re in the seventh inning, says an investment bank executive. Others argue we have a long way to go. It’s only the second inning, says a distressed debt fund manager.

What if there are extra innings? A Boston Red Sox-Chicago White Sox game in July 2006 went on for19 innings. Translated to the sequel of credit tightening and debt unwinding, that might mean years.

 Let’s take the range of estimates and calculate their average.  It comes out to the bottom of the fourth inning. Get yourself a beer and relax.

This entry was posted on Thursday, June 5th, 2008 at 1:12 pm and is filed under Credit, General, Odd Stuff. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.