Stocks have risen in recent weeks but don’t get sucked into a bear market rally. The economy is not in recovery as some suggest but in contraction. According to Nouriel Roubini we are still facing the worst financial crisis since the Great Depression. You worked hard for your money. Don’t listen to the talking heads telling you, “stay in,” “don’t miss this opportunity,” or “stocks have never been cheaper.” Thousands have already lost 40 to 50% of their retirement savings. Don’t lose any more. There is nothing wrong with sitting this one out.
| This will be the worst financial crisis since the Great Depression and the worst global economic downturn in decades. Global trade volumes face their sharpest contractions of the postwar era – trade is expected to contract 12% in 2009 due to the severe and prolonged global demand slump, excess capacity across supply chains and the continued crunch in trade finance. |
| RGE Monitor’s analysis of the data suggests that the global economic contraction is still in full swing with a very severe, a deep and protracted U-shaped recession. |
| While the rate of economic contraction is slowing compared to the free fall rates of Q4 of 2008 and Q1 of 2009, we are still a long way away from the economic bottom and from a sustained recovery of growth. |
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