1st Quarter 2009 The quarter has been one of many extremes. From an investment perspective, January and February continued the grim downward spiral of returns from the previous quarter in almost every major asset class, followed by a surprisingly good March. From an economic perspective the real economy continued to deteriorate. Unemployment and mortgage foreclosures climbe ...
Market Perspectives
Q4 2008: "The Wages of Unrealistic Expectations"
4th Quarter 2008 Few periods in financial history have seen more severe quarterly declines in security values than the most recent quarter. Misaligned incentives, short-term corporate policies, unconscionable leverage, fraudulent lending, and regulatory failures combined to victimize investors large and small this year and led to a financial and economic crisis of historica ...