Credit markets starting to thaw, need more in 2009

The NY Times has an excellent article summarizing the current credit market and detailing what needs to happen and why in 2009 to really get the economy going again. Certainly, commercial real estate is hugely impacted both by the ability to get commercial mortgages and by the strength of tenants (all classes). The credit markets are starting to thaw and they're proving to have very significant impact on all aspects of our economy.

I'm personally glad to be done with 2008 and look forward to a much better 2009. While there is likely plenty of pain ahead, I think the worst is behind us and, frankly, I can't stand the thought of things getting any worse.

Here's to better times ahead!