Earlier the year I wrote an OPED about our addiction to credit. Read it here.
It is still going to get worse before it gets better for the economy and 2009 will definitely prove to be one of change, transition, and I hope, HOPE.
It is still going to get worse before it gets better for the economy and 2009 will definitely prove to be one of change, transition, and I hope, HOPE.
Bill Gross' DEC commentary is a must read. A new investment paradigm has arrived. Too many people I believe are not letting recent history reframe their thinking, and that is going to get one in big investment do do. I am not saying I have all the answers, I do not, but I do know that how I think about where to invest has been completely shaken up. It is like the game of BOGGLE. You shake up all the letters, then let them settle in to their spaces, and try to make as many words as you can from connecting letters as fast as you can. The problem right now, as the letters just keep on getting shaken up. But hey, that is the world of investing.
I also found this GREAT SECTION ont he Pimco site that explains all about bonds! I am adding this to my investing 101 section. Bookmark it.
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