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Investors didn't reap much reward for going global last year. But that doesn't mean you should toss your portfolio's passport just yet. It's easy to criticize foreign-stock investing these days. Though the U.S. was the epicenter of the global credit crisis and market meltdown, overseas markets were generally hit harder than domestic stocks last year. |
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Almost 1.1 million Americans filed for bankruptcy in 2008, a 32 percent increase from the prior year, as the first recession in seven years forced more companies and individuals to seek protection from creditors. |
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In a downturn, business people like to point out, some truths are laid bare. "You only find out who is swimming naked when the tide goes out," Warren Buffett famously told investors in a 2002 letter. Which is why, after the 2000 dot-com crash, it was the United Kingdom's elite law firms that were found to be revealing a little too much skin. |
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Discussing the retail sector, with Howard Davidowitz, of Davidowitz & Associates; Harvey Green, of Marcus Millichap; and CNBC's Margaret Brennan - Watch it HERE. |
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With a credit crunch and mortgage delinquency increasing, many families are considering something they never have before: bankruptcy. Bankruptcy filings in Washington state are up 40 percent from last year. |
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