What Happened in 2007 -- Retrospectives

The New Year retrospectives on 2007 have a common theme -- the rise of private equity in the first six months of the past year and the fall of private equity in the final six months of 2007, felled by the subprime mortgage crisis and its aftermath.  Here are some good analyses: WPost, '07: Buyouts and Bailouts (Alan Sloan's column); WPost, Private Equity's Loss of Leverage; NYTimes, Customers, Not Brokers, Profited in an Odd 2007.

Meanwhile, the Wall St. Journal looks ahead and analyzes the threat of recession, WSJ, Stocks Leap Obstacles for Gains.