Henry Blodget: Why This Recession Will Be A Doozy The last recession was mild. The stock market and corporate profits tanked, but consumer spending–long the major engine of our economy–danced merrily on through. In recent decades, it has ever been thus: bearish analysts and strategists have been underestimating the voracious spending habits and resilience of…
Tag: Economy
Minds over Money: The godfather of global investors – May. 14, 2008 Where is your money now? A. Mostly in my endowment fund, a good portion of which I had farmed out to other money managers. When I saw what I considered the most serious financial crisis of my lifetime, I came out of retirement…