The NYT has this nice interactive graphic that calculates how long it will take to return to breakeven:
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Source:
Calculate Your Financial Comeback
NYT, January 6, 2009
http://www.nytimes.com/interactive/2009/01/06/business/20090106-comeback-graphic.html
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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January 8th, 2009 at 9:36 am
Well, I have seen retirement calculators but this is a first…
By the way, Monster says
http://online.barrons.com/public/page/barrons_econoday.html
online job demand fell by 1/8th in December….I thought the initial claims today were a little puzzling, perhaps the problems that states are having in that the unemployment offices appear to be overwhelmed might have something to do with it.