Economies cycle. It’s normal. We’re moving from a boom period to a slowdown. A recession is on the horizon, although the exact timing of such things is nearly impossible. Things will be tough for a while, but hardly doomsday.
jg: I recently bought a small position in GLD (around 3% of my admittedly small total potfolio). I think gold has good long term prospects, but a lot of short term risk.
