Steve Forbes wrote an article back in October for his magazine.
And you should read it. I speak to so many people each week who tell me “I don’t understand what/how this all happened!”
Forbes does an excellent job explaining how (and why) the economy ground to a halt over the past year. It will be well worth a few minutes of your time to read this article, as it clearly lays out why things happened as they did.
It’s also interesting to note that Forbes also calls for a quick end to the problem, and a speedy recovery — not only in the market, but in the economy too, as I have also been saying these past few months. I am significantly more optimistic now — than I have been in the past 12 months.
Here is the link: