August 21, 2009
In the coming weeks, I will lay out the 10 biggest potential tragedies and traps for investors this summer. Number 10 on my list is not recognizing that the recession is over. The media have largely missed the transition. But let me prove to you that the worst of the recession ended in March and that a modest recovery is already underway. On the menu bar at the top of this page, click Economy, then click Recession Watch. A series of slides (1-29) is set up for you. Click Next to start your slide show. Note carefully the slides numbered 3, 8, 9, 10, 17, 18, 19, 20, 22, 23, 24, and 25. All tell the story of a recession that ran out of steam in March. Third-quarter GDP growth should be positive, but the employment picture is still murky. I explain the investment and business implications in my monthly strategy reports, and execute strategies based on these implications for clients of Richard C. Young Co., Ltd. (younginvestments.com). Please join us.
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