Brace for More of the Same in 2009, Experts Warn

Panelists Peter Solomon, founder and chairman of the investment banking advisory firm the Peter J. Solomon Co., Mark Zandi, chief economist and co-founder of the financial research firm Moody's Economy.com, and Myron “Mike” Ullman III, chairman/CEO of J.C. Penney, rehashed what a devastating year 2008 was for many merchants and provided their forecasts for 2009 and beyond.