The Organization for Economic Cooperations and Development (OECD) had a clear message regarding the economy: This is the worst downturn it has faced in a century.
We started this week with a continuation of the bullish insanity we saw last week. The past few days, I asked myself how so many economists could have gotten their predictions wrong…
If there’s one lesson that investors need to internalize, it’s that past performance is no guarantee of future returns… that is to say, history doesn’t repeat itself. But as many have pointed out over the years, it does often rhyme.