Life in the Recession
Insightful piece by Michelle Singletary of the Washington Post. With more and more employers opting out of matching employee contributions, the 401K may have a limited shelf life as an investment vehicle for people. Another casualty of the recession?
Recession is also hurting the sales of mansions, as more and more of them are going on the auction block with auction companies setting up straw buyers to prevent embarrassment for the sellers.
Then there are guys like Dennis Gartman, who is a sage pundit who is saying the recession ended last month.
Others say "Beware the Bear"
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