Thank goodness 2008 is over. But will 2009 be any better for US investors?
It is probably safe to say that almost everyone in the investment world (not to mention the many that have departed it) is absolutely delighted that 2008 is now over. As investors are painfully aware, the year ranks among the worst ever in terms of the percentage decline in stocks, commodities, real estate and various other asset classes. Virtually nothing worked. Moreover, there is no consensus regarding the outlook, no agreement on how the nation and the world will get out of this mess. On the one hand are those who believe that the current recession will morph into a deep and lasting d...
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