What do the smartest guys in the room have to say about what to buy and where we are with the economy? The consensus for Soros, Paulson, Fournier and Mecher, as interviewed in the WSJ July 7 2009 is to expect more bad times, struggles for the American consumer, limp earnings and a 'possible' surge of inflation.
What do these guys like? Soros is back to Brazil, China and India, even though it disappointed him in the past. Fournier likes some health care. Paulson is into distressed debt and companies in bankruptcy proceedings while Mecher like corporate bonds.
The words to live by come from Melcher who said, 'Just because things are getting worse at a slower pace doesn't mean they're getting better.'
Like the sergean said on the cop television show, Hill Street Blues, 'Be careful out there.'
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