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Jon Talton

Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest.

January 13, 2012 at 10:00 AM

Vote: How are you investing in 2012?

I heard a radio-station contest to predict where the Dow will end the year. Beyond a specific number, that’s not much a challenge. We’re long past the days of “Dow 36,000” forecasts. The Industrial Average, along with the rest of the stock market, has already suffered through a lost decade compared with the 1980s and 1990s. Ten years ago, it stood at 9891 after the dot-com bust and assorted corporate frauds ended the great bull market. At the peak of the real-estate bubble, it closed at 12,556 on Jan. 12, 2007, around today’s territory. By comparison, the Dow went from 2800 in 1990 to 11,700 in 2000.

That’s not to say there’s not money to be made in specific equities. But the trust Americans had in an ever-rising stock market has been shattered by bear cycles, lost nest-eggs and a sense that the Wall Street Boyz have an insurmountable advantage at the casino through flash trading and other tricks. The Great Recession, high unemployment and the housing collapse financially ruined many, and the year ahead looks perilous with the Euro crisis.

So, today’s poll:

My investments

Read on for the week’s links and the haiku…


This Week’s Links:

  • Americans pay Wall Street $20 billion for bad swaps || Bloomberg
  • Manufacturing’s achievements don’t solve the jobs crisis || The Atlantic
  • America’s tax gap || The Economist
  • Find out the greenhouse gases emitted near you || EPA
  • Report finds poverty growing and likely to get worse || The Guardian
  • Revolving door: From top futures regulator to top futures lobbyist || Matt Taibbi
  • Career of the future doesn’t include a 20-year plan; more like four || Fast Company
  • Cutting through the spin on oil and natural gas supplies || The Oil Drum
  • A field guide to false anti-train arguments || NARP Blog
  • Europe’s vicious spirals || Project Syndicate
  • Mapping women’s economic opportunity around the globe || Atlantic Cities
  • Today’s Econ Haiku:
    If Morgan’s ailing
    And BofA pulling back
    Bank on a tough year

    Comments | More in Stock market

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