2008 Was the Third Worst Year for US Stocks Since 1896

1931 was the worst, but notice that 1930 was not far behind.

Ten Things We Might Expect to See in 2009

Madoffed: Dr. Doom of Solly's Heyday

Economist may be latest hurt in Madoff scheme
Wed Dec 31, 2008 6:05am GMT

(Reuters) - A prominent Wall Street economist... the latest people to have lost money on investments connected to accused swindler Bernard Madoff, according to media reports.

Economist Henry Kaufman lost several million dollars, which he had in a brokerage account with Bernard L. Madoff Investment Securities for more than five years, the Wall Street Journal said, citing Kaufman in an interview on Tuesday.

The president of financial consulting firm Henry Kaufman & Co said his Madoff loss was no more than a couple of percent of his entire net worth and immaterial to his financial well-being, the paper said.

Kaufman became known for correctly forecasting higher inflation and interest rates when he was chief economist with Salomon Brothers in the 1970s and 1980s, when he acquired the moniker "Doctor Doom."

Must Have Titles for the Deflation Section of Your Financial Library

Deflation by A. Gary Shilling (Paperback - 2002)

Deflation: How to Survive and Thrive in the Coming Wave of Deflation by A. Gary Shilling (Paperback - 1999)

Deflation: Why It's Coming, Whether It's Good or Bad, and How It Will Affect Your Investments, Business, and Personal Affairs by A. Gary Shilling, 1998

After the Crash : Recession or Depression : Business and Investment Stategies for a Deflationary World by A. Gary Shilling (Paperback - Mar 1988)

The World Has Definitely Changed by A. Gary Shilling ( Hardcover - 1986)

Is Inflation Ending: Are You Ready? A Sober Look At the Prospects for a Decline in Inflation by A. Gary Shilling and Kiril Sokoloff (Hardcover - Mar 1983)
20 Used & new from $0.01