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 How to Prosper After the Post-Madoff Scandal
(Posted Jun 29)
Today, a federal judge sentenced Bernie Madoff to 150 years, a sentence that will keep him in jail for the rest of his life. But it can never undo the damage he has done to the lives of innocent victims and the reputation of Wall Street.
 An extremely aggressive "easy money" policy is pushing our stocks and income investments to new highs for 2009, but high deficits and monetary expansion will lead to higher interest rates and prices in the future.
As of May 22, 2009 I had a standing-room-only crowd at the Las Vegas Money Show in mid-May, and many investors, including my own subscribers, were surprised by my bold forecast for 2009. I predicted that the Dow could hit 10,000 by Dec. 31.
Which one encourages economic growth? Here's an update well worth reading. Forecast on interest rates and income investments President Obama attacked tax havens last month, calling them "tax scams" that deprived the U.S. government of billions of dollars in lost tax revenues. He wants to tax U.S. corporations that have diversified overseas and taken advantage of lower foreign tax rates. Wall Street offers a glimmer of hope in the latest economic statistics (home sales, manufacturing, credit markets, etc.). Despite all of the bad news, there finally is hope that this financial crisis is waning. To take full advantage, maintain a well-diversified portfolio. |
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