Must read articles to send clients
Date: 2009-01-05
Tags: Client communication
Below are nine articles from eight different sources. Among them, these articles address concerns about another depression, highlight some of the positives underneath the bad news and make the case for being in the market.
Two that you and your clients might find of particular interest are "Risk Mismanagement" from yesterday's New York Times, documenting how financial institutions got into the current mess and "The End", a November article in Portfolio that got accolades as "article of the year" in 2008.
Barrons - Mon, Dec 22
Barrons Online - How to Play a 'Take-No-Prisoners' Market*
Forbes - Ten Reasons For Some Economic Optimism - November 26
http://www.forbes.com/2008/11/26/economy-recession-housing-biz-beltway-cx_jz_1126optimism.html?partner=email
Fortune
If you have the fortitude, consider investing - carefully - Dec. 10, 2008*
New York Times
MAGAZINE | January 04, 2009
Risk Mismanagement
By JOE NOCERA
Were the measures used to evaluate Wall Street trades flawed? Or was the mistake ignoring them?
OPINION | November 28, 2008
Op-Ed Contributor: Dying of Consumption By STEPHEN S. ROACH
There is a deeper, potentially positive, meaning to the decline in consumer spending: Americans are now moving back to more prudent income-based lifestyles.
Morgan Stanley
November 20 - Neither the Great Depression nor Japan
http://www.morganstanley.com/views/gef/archive/2008/20081120-Thu.html
National Post:
Lessons from the Great Depression
December 11: Over a three-year period beginning on Oct. 28, 1929, the U.S. stock market declined 89%. Why did it happen? And how can we prevent a similar cataclysm in our own era? Niall Ferguson,
| PortfolioThe End Michael Lewis, Nov 11 2008 The era that defined Wall Street is finally, officially over. Michael Lewis, who chronicled its excess in Liar's Poker, returns to his old haunt to figure out what went wrong. Read More Wall Street Journal
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