"Intensifying job losses will put further pressure on consumer spending, raise mortgage, credit card and other debt defaults as households already face wealth loss from falling home values and volatile stock market. Will also reinforce need for fiscal stimulus including tax cuts and unemployment insurance." ( RGE Monitor ) This is the cycle we are in at the moment and there really is not much that can be done about it. The NEED for fiscal stimulus is clear but here is the other side of that, debt. Read this thoughtful piece in the FT that talks about the consequences. ("Onerous Issuance.")For a thoughtful investment piece - Tips on Surviving 2008 - click here.
For the growing risk of a hard landing in China - click here.
Leading Analysts Forecasts of the S & P - click here. The good news, most are positive.
1 comment:
As an FYI, Suze Orman, the personal finance expert (and advocate for women!), has put her new book online for FREE download until January 15th. It's basically about what actions to take in 2009 to keep your finances in order, in the midst of the financial crisis. Perhaps all of you out there know someone who could benefit from this sage and practical advice!
Here's the link:
http://www.oprah.com/article/oprahshow/20081119_tows_bookdownload
Post a Comment