2008 will be remembered as a watershed year

December 31st, 2008|by Michael Ashley Schulman, Perspectives, The Big Picture|

2008 will be remembered as a watershed year, unless, of course, 2009 is worse. Along with the notable failure of banks, insurance companies, mortgage insurers, housing and the US consumer, we witnessed the annihilation of multiple investment strategies and asset classes. Over leveraging of risky assets led to much of the current economic malaise. The […]