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Vindicated in 2008, Some Experts Foresee Gloomy '09

A few who called last year's calamities correctly see grim days ahead

By Clay Dillow, Newser Staff

Posted Jan 2, 2009 10:52 AM CST

(Newser) – Labeled overly pessimistic for years, a few Wall Street prognosticators became the oracles of 2008 by correctly predicting the unwinding of the global economy, the Wall Street Journal reports. The doomsayers correctly anticipated bank failures, stock market declines, and the housing market collapse of the... Read full story »

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Vindicated in 2008, Some Experts Foresee Gloomy '09

A few who called last year's calamities correctly see grim days ahead

stock market • global economy • bonds • credit crisis • housing crisis • housing bubble • financial crisis • financial meltdown

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More Newser Stories

Russia Tycoons Seek $78B Kremlin Bailout

Looming foreign debt forces oligarchs to return power to state

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Coffee empire's rise tracked (and fueled) housing's, and store locator mirrors trouble spots

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Obama considering moratorium, gov't-sponsored refinancing

How Iceland Went From Codfish to Meltdown

Country built a huge financial bubble based on a vulnerable currency

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