Is This Time Different?

One of investors' greatest fears today is that the world is on the edge of an economic downturn that may be deeper and longer than anything experienced in modern times. Spurring this concern is a prolonged liquidity crisis that has affected virtually every corner of the global financial system. Lenders have tightened the spigots of credit to a trickle, while individuals and businesses are loath to

One of investors' greatest fears today is that the world is on the edge of an economic downturn that may be deeper and longer than anything experienced in modern times.

Spurring this concern is a prolonged liquidity crisis that has affected virtually every corner of the global financial system. Lenders have tightened the spigots of credit to a trickle, while individuals and businesses are loath to spend or to take risks. In this environment, doomsday scenarios continue to proliferate:

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TAGS: Investment
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