Just when financial advisors were starting to feel comfortable again, with clients opening their wallets and bank accounts and testing the investment waters once more and with production figures rebounding nicely, comes news that some key indicators are heading south again.
First and perhaps most worryingly, there’s home prices -- a key factor in consumer confidence and ultimately on bank ledgers -- which are now clearly headed into a dreaded “double dip” downturn now. Then there’s joblessness, which appears to be stuck at about 9%, with little likelihood of any relief there.
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