A Cautious 2005 Outlook - 2005-01-28
This year is off to a shaky start, with the major indexes already down 3% to 6%. Is this a bad sign for the rest of the year, or will the markets rally for a third consecutive year?
And what will happen to the already overleveraged consumer as the Fed continues raising interest rates in 2005, given that Americans are up to their neck in floating-rate mortgage and credit card debt?
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