Things may seem tight right now, but Moody’s does not think that the US economy will go into recession.
CNN Money writes that the agency’s view is that "the dollar is expected to contribute positively to economic growth in 2008 as its declining value increases the value of U.S. assets abroad."
That thread seems a bit thin. Based on recent housing and retail data, the consumer is already in deep trouble. News from Capital One (COF) and American Express (AXP) would indicate that default rates on credit cards are beginning to move up sharply.
No recession. Wishful thinking.
Douglas A. McIntyre
Smart Investors Are Quietly Loading Up on These “Dividend Legends”
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
