It’s been a long way back, but two of the most widely watched stock market barometers are now trading right around where they were before the financial excrement really hit the fan in September 2008.
The Dow closed Tuesday at 11,476.54, its highest close since September 8, 2008 — a week before the bankruptcy of Lehman [...]
Posts Tagged ‘great recession’
Are the markets back? Reply is hazy - The Buzz
December 15th, 2010 by Financial Writer
Tags: 2012, AIG, au, bank, bankruptcy, ben, business, businesses, China, citigroup, company, credit market, crisis, Debt, deficit, depression, economic, economic growth, economic recovery, economy, euro, Europe, fed, financial, financial crisis, glo, global credit, global economic, government, great depression, great recession, Invest, investment, investor, investors, job, money, rate, recession, sales, stock, stock market, stocks, united states, us, wall street
more...India aims to be world’s fastest growing economy
March 11th, 2010 by Financial Writer
Just how fast can India grow? Ask Manal Farooq, who can’t make gloves quickly enough.
“We are facing a major problem,” said Farooq, a senior executive at Marvel Gloves Industries, which produces 3 million pairs of gloves a month, most used in industrial production in India. “Despite importing gloves we are not able to meet demand.”
The [...]
Tags: businesses, economic survey, great recession, growing economy, household, india
How Wall Street boldly saved big exec bonuses
January 15th, 2010 by Financial Writer
The fat cats were supposed to get their comeuppance.
After Wall Street’s most prominent firms — by their own admission — helped cause the 2008 financial meltdown and got bailed out by the government, they were supposed to stop handing out million-dollar bonuses to their employees. No one was supposed to get seven- and eight-figure rewards, [...]
Tags: americans unemployed, bonuses, financial meltdown, great recession, wall street
Market’s big ‘09 rally offers relief after awful ‘08
January 3rd, 2010 by Financial Writer
For investors, 2009 will go down as the year we survived the Great Recession and were able to breathe a huge sigh of relief.
After enduring a near-freefall in the early, panicky months of the year, the stock market mounted a tremendous rally in the final nine months, sending major indexes up more than 60 percent [...]
Tags: Dow Jones Industrial, financial crisis, great depression, great recession, stock market
AP analysis: US economy entering sluggish recovery
December 7th, 2009 by Financial Writer
Now that the Great Recession appears over, the economy looks to be entering a Rocky Recovery, in which much of the nation will continue to struggle well into 2010.
The Associated Press’ monthly analysis of economic stress in more than 3,100 U.S. counties found the economy little changed in October compared with September. Some states saw [...]
Tags: economy recovery, great recession, real estate, unemployment, us economy