Investment Perspective – Market Commentary
Over the past 24 months, we’ve seen dramatic developments in the economy and the financial markets. The first hint of trouble occurred in late 2007 when Bear Stearns, the now defunct investment bank, admitted that two of their hedge funds concentrated in subprime loan securities were worthless. Since then the biggest banks in the world have revealed extensive losses from terrible decision-making and have been the recipients of an enormous government bailout.
Almost a year a