Josh Kosman, a writer for the New York Post, has written a book talking about Private Equity Firms--basically, these are companies that have purchased some of the biggest non publicly traded companies in America.
Josh says that these companies were purchased with cheap money, and that in 1/3 of the cases, the debt on these payments can't be serviced. In other words, many of these companies will go bankrupt, default on their loans, and layout millions of people
Can you spell another financial meltdown.
I heard Josh last night on NPR, and he just appeared on CNBC.
If he's right, the gains we've seen in the economy this year will melt away and worse in 2011.
Check out his website here...
http://www.joshkosman.com/
I'm not a market expert, but you might think about strategies for making money in a down market.
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