Economist Predicts Just 2% Growth In 2010
New York Times:
A Robust economic recovery in 2010 is certainly on most investors' wish lists as this year draws to a close. A return to prosperity would not only mean an end to our long financial nightmare, but it would also buttress a rebounding stock market, one of 2009's few bright spots.
The news out of Dubai late last week, however -- that its investment company is struggling to meet repayments on some of its $59 billion in debt -- reminds us that we are far from finished with a ferocious deleveraging process...