Knowledge (XXG)

United States bear market of 2007–2009

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619:, pointed out in a March 10, 2009, article had been blamed for deregulating major corporations and "allowed for the creation of giant financial supermarkets that could own investment banks, commercial banks and insurance firms, something banned since the Great Depression. Its passage, critics say, cleared the way for companies that were too big and intertwined to fail." That month, September 2008, would see record drops in the Dow, including a 778-point drop to 10,365.45 that was the worst since 31: 707:
rolled out the details of numerous plans to tackle various elements of the economy, and began putting those plans into action. Mortgage rates for homeowners dropped, limits on executive compensation were enacted, regulatory changes were proposed, and the Treasury announced its intention to purchase $
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On Tuesday, March 10, Vikram Pandit the CEO of Citibank, said that his bank has been profitable the first two months of 2009 and was currently enjoying its best quarterly performance since 2007. On March 12, Ken Lewis, CEO of Bank of America, declared that bank had also been profitable in January and
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believes that "the idea of blaming one person for the downfall of the economy with a gross domestic product of about $ 14 trillion, powered by 300 million people and engaged in complex global commerce is nuts — whether that person is Bush, Obama, Alan Greenspan, Bernard Madoff, Osama bin Laden or the
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The decline of 20% by mid-2008 was in tandem with other stock markets across the globe. On September 29, 2008, the DJIA had a record-breaking drop of 777.68 with a close at 10,365.45. The DJIA hit a market low of 6,469.95 on March 6, 2009, having lost over 54% of its value since the October 9, 2007
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U.S. government bonds did well, especially longer terms. Yields dropped during this time period, part of a long-term bull market. High-grade corporate bonds and muni bonds also performed well. However, high-yield bonds had very bad performance, although they turned up coincident with the bull market
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a heavy debate ensued as to whose fault the falling market was. The political parties were heavily divided during this period. For the most part there were three camps: ones that simply blamed the economy, others that wanted to pin the passing Bush Administration and others that wanted to push the
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Already rising for two weeks, following the Geithner announcement the DJIA had its fifth-biggest one-day point gain in history. "Tim Geithner went from zero to hero in a matter of just a few days" and reported that Bank of America stock led banking stocks with 38% one-day gains. On March 26, 2009,
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article declared, "Stocks are on their strongest run since the bear market started a year and a half ago as investors continue to debate whether the economy and the markets have finally stabilized". Bloomberg noted the Obama administration's successes included the sale of $ 24 billion worth of
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February, that he didn't foresee the bank needing further government funds, and that he expected to "see $ 50 billion in 2009 pre-tax revenue". The announcements caused multi-day rallies with double-digit percentage gains for a number of stocks both in and outside of the banking industry.
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The DJIA, a price-weighted average (adjusted for splits and dividends) of 30 large companies on the New York Stock Exchange, peaked on October 9, 2007 with a closing price of 14,164.53. On October 11, 2007, the DJIA hit an intra-day peak of 14,198.10 before starting to screech.
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of badly run corporations was rewarding bad behavior and punishing good behavior, and that it prevented resources from being allocated away from inefficient uses to more productive uses, and that this lowered the overall amount of wealth across the entire economy.
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As of early March 2009, the Dow Jones Industrial Average had fallen 20% since the inauguration of President Barack Obama (less than two months earlier), the fastest drop under a newly elected president in at least 90 years. Editorials in the
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high The bear market reversed course on March 9, 2009, as the DJIA rebounded more than 20% from its low to 7924.56 after a mere three weeks of gains. After March 9, the S&P 500 was up 30% by mid May and over 60% by the end of the year.
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after just short of three weeks of gains which frequently defied the day's bad economic news, the DJIA rebounded to 7924.56. A rise of 21% from the previous low, this met the technical requirements to be considered a bull market. A
471:, which triggered a shockwave of wealth destruction that has wreaked widespread havoc throughout the economy, as well as the unraveling of a multi-trillion-dollar financial house of cards built on greed, ignorance, and fraud." 455:
points out that "the U.S. stock market meltdown this year isn't happening in isolation. Major European stock markets also are down more than 20% since Jan. 1. In Japan, the Nikkei index hit a 26½ -year low this week.”
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said, "Job losses began in January 2008. The stock market started declining October 2007.... This has been, you know, eight years in the making, and again, it's going to take some time to work our way out of it."
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strategies, enacted by Obama, arguing "Mr. Obama would stimulate the economy by increasing federal spending. Mr. McCain would stimulate the economy by cutting the corporate tax rate." Gramm had introduced the
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went from 6,731 on October 12, 2007 (and 6,698 in July) to 3,512 on March 3, 2009 (about 48%). However, the pound sterling went down about 28% during this time (thus about 62% overall).
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Administration, suggested that looking at the Senators' respective states proved traditional Republican strategies, enacted by McCain, would be better for the economy than traditional
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and was followed by a loss of thousands of points over the next two months, standing at 8,046 on November 17 and including a 9% plunge in the S&P on December 1, 2008.
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The DJIA hit a low on March 6, 2009 of 6,469.95. On that same day, a regulatory report indicated that the 5 biggest banks still had large risk exposure due to
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Michael J. Panzner, author and 25-year Wall-Street veteran, says that "the real reasons behind the sell-off ... include the bursting of history's biggest
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average went from 18,262 on July 9, 2007 to 7,055 on March 10, 2009. However, the yen also went up 24% compared with the U.S. dollar during this time.
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1 trillion of troubled bank assets, such as the aforementioned derivatives, and enticing private investors to join them in making similar investments.
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are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it," probably meaning
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After only a month and a half in office, in a media blitz including press conferences, interviews and public appearances, President Obama,
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High oil prices have impacted global economic growth, causing the Dow's 12th bear market since 1962 and the first since 2002 according to
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In February 2007, a coming recession and bear market was predicted by Paul Lamont due to a growing debt bubble, the
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magazine says he feels that the market will turn around when housing prices stabilize and oil prices rise again.
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seven-year Treasury notes and pointed out that March 2009 was the best month for the S&P 500 since 1974.
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said the fall in stock prices since Obama's inauguration was caused by the policies of former President
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lost approximately 50% of its value, but the duration of this bear market was just below average.
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that lasted from October 9, 2007 to March 9, 2009, during the financial crisis of 2007–2009. The
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away from the U.S. stock market. Later in 2008, Paul said that the government
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pointed to eight major economic mistakes George W. Bush made: 1) A return to
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Study: Dow's Decline Is Fastest for a New President in Nearly a Century
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Obama Says Buy Stocks Now: Good Deals There for Long-Term Investors
1124:, Ron Paul speech to U.S. House of Representatives, April 14, 2005 411:
Values represent percent change from previous date listed in table.
1719: 1678:"No Place to Hide: The Global Crisis in Equity Markets in 2008/09" 1624:"U.S. Markets Wrap: S&P 500 Advances in Best Month Since 1974" 29: 653:
President Obama on March 3, 2009 said "What you're now seeing is
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Mckay, Peter A.; Rogow, Geoffrey; Curran, Rob (March 26, 2009).
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List of banks acquired or bankrupted during the Great Recession
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Acquired or bankrupt banks in the late 2000s financial crisis
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Regulatory reports show 5 biggest banks face huge loss risk
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US Recession in 2007 - Third Leg of the Bear Market Likely
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Dodd–Frank Wall Street Reform and Consumer Protection Act
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Dodd–Frank Wall Street Reform and Consumer Protection Act
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Bajaj, Vikas; Grynbaum, Michael M. (September 30, 2008).
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Instant View: Dow industrials enter bear market territory
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Dow Hits Bear-Market Territory, Signaling Woe for Economy
935:^DJI: Historical Prices for Dow Jones Industrial Average 1676:
Bartram, Söhnke M.; Bodnar, Gordon M. (December 2009).
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Share Investing For Dummies - James Dunn - Google Books
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FDIC's Sheila Bair on 'bad bank' plan | Marketplace.org
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to certify the accuracy of financial statements caused
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National fiscal policy response to the Great Recession
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Post-Napoleonic Irish grain price and land use shocks
1008:, by Paul Lamont, The Market Oracle, February 5, 2007 871:
Dow Average's Drop Into Bear Market May Signal Losses
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The bear market was confirmed in June 2008 when the
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Public–Private Investment Program for Legacy Assets
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If You Like Michigan's Economy, You'll Love Obama's
602:, and Mike Solon, former Policy Director under the 375:The day the DJIA, S&P 500 and NASDAQ bottomed. 2238:(Europe, Middle East and North Africa, Asia; 2009) 1263:"For Stocks, Worst Single-Day Drop in Two Decades" 1242:Paletta, Damian; Scannell, Kara (March 10, 2009). 1164:Stocks turn in worst performance for new president 425:blame on the newly arriving Obama Administration. 464:editors of opinions at The Wall Street Journal." 1086:Is Obama responsible for Wall Street's meltdown? 2508:Federal takeover of Fannie Mae and Freddie Mac 2089:American Recovery and Reinvestment Act of 2009 1954:Office of Federal Housing Enterprise Oversight 4086:List of stock market crashes and bear markets 2625: 2348: 1735: 982:^IXIC: Historical prices for NASDAQ Composite 820:List of stock market crashes and bear markets 8: 2478:Emergency Economic Stabilization Act of 2008 2013:Emergency Economic Stabilization Act of 2008 1542:"Dow Soars as Investors Back Bad Asset Plan" 645:, blamed this on Obama's economic policies. 2548:2009 Supervisory Capital Assessment Program 2518:Homeowners Affordability and Stability Plan 765:Commodity Futures Modernization Act of 2000 621:Black Monday of the 1987 stock market crash 590:editorial prior to the election written by 2632: 2618: 2610: 2558:Term Asset-Backed Securities Loan Facility 2355: 2341: 2333: 2147: 2104:Fraud Enforcement and Recovery Act of 2009 2043: 2028:Term Asset-Backed Securities Loan Facility 1973: 1742: 1728: 1720: 1685:Journal of International Money and Finance 1535: 1533: 1034:Obama bad for stocks? It's not that simple 996:mlive.com/Associated Press, March 05, 2009 573:In March 2009 White House budget director 3907:2015–2016 Chinese stock market turbulence 2473:Housing and Economic Recovery Act of 2008 2284:Effects of the Great Recession on museums 2114:Housing and Economic Recovery Act of 2008 1998:China–Japan–South Korea trilateral summit 921:CNNMoney.com Market Report - Mar. 6, 2009 598:Senator and campaign economic adviser to 475:Blaming the George W. Bush administration 161:The day the DJIA and S&P 500 peaked. 1978:Government policy and spending responses 1944:Government National Mortgage Association 971:^GSPC: Historical prices for S&P 500 401:Cumulative change (from peak to bottom) 76: 2589:Financial position of the United States 2038:2008 United Kingdom bank rescue package 1103:A Look Back at Bush's Economic Missteps 831: 755:Automotive industry crisis of 2008–2009 582:Blaming the Barack Obama administration 3812:Venezuelan banking crisis of 2009–2010 3582:South American economic crisis of 2002 3479:Black Wednesday (1992 Sterling crisis) 1208:, Wall St. Journal, September 13, 2008 1050:Wall Street Blame Game: Tag, You're It 1018:Oil Prices Drive Stocks to Bear Market 3863:2013 Chinese banking liquidity crisis 3819:2010–2014 Portuguese financial crisis 3295:Secondary banking crisis of 1973–1975 2023:Temporary Liquidity Guarantee Program 1993:Banking (Special Provisions) Act 2008 1914:Federal Deposit Insurance Corporation 1346:Obama's Radicalism Is Killing the Dow 930: 928: 855:Gloom Descends Over Wall Street Again 694:Federal Deposit Insurance Corporation 7: 4143:Great Recession in the United States 3893:Russian financial crisis (2014–2016) 3746:2008–2011 Icelandic financial crisis 3739:2008–2009 Ukrainian financial crisis 3704:2000s U.S. housing market correction 3544:1998–2002 Argentine great depression 1909:Consumer Financial Protection Bureau 1518:Geithner, Timothy (March 23, 2009). 1505:National Cable Satellite Corporation 1219:"Text of the GRAMM-LEACH-BLILEY ACT" 785:Late 2000s recession in the Americas 780:Global financial crisis of 2008–2009 4050:2023–2024 Egyptian financial crisis 3885:Puerto Rican government-debt crisis 3878:2014–2016 Brazilian economic crisis 3251:1963–1965 Indonesian hyperinflation 3154:Shanghai rubber stock market crisis 2843:Dutch Republic stock market crashes 2199:Collateralized mortgage obligations 1456:"Ben Bernanke's Greatest Challenge" 3856:2012–2013 Cypriot financial crisis 3760:2008–2014 Spanish financial crisis 3732:2008–2009 Russian financial crisis 3725:2008–2009 Belgian financial crisis 3420:1988–1992 Norwegian banking crisis 2915:British credit crisis of 1772–1773 1166:, Associated Press, March 10, 2009 553:(R-Texas) said section 404 of the 238:The day the bear market declared. 25: 4043:2023 United States banking crisis 3849:2011 Bangladesh share market scam 3537:1998–1999 Ecuador economic crisis 3501:Venezuelan banking crisis of 1994 3427:Japanese asset price bubble crash 3368:Souk Al-Manakh stock market crash 3118:Australian banking crisis of 1893 2922:Dutch Republic financial collapse 2294:2007–2008 world food price crisis 2094:Chinese economic stimulus program 2079:2008 European Union stimulus plan 2003:Commercial Paper Funding Facility 1606:"Stocks' Momentum Keeps Building" 615:which editors of the same paper, 380:October 9, 2007 to March 9, 2009 2900:Amsterdam banking crisis of 1763 2322:List of countries by public debt 1949:National Asset Management Agency 1630:. March 26, 2009. Archived from 948:"Bears Are Wary as Bull Returns" 481:United States Secretary of Labor 3625:2007 Chinese stock bubble crash 2951:Danish state bankruptcy of 1813 2277:2008 Central Asia energy crisis 2194:Collateralized debt obligations 1561:"Geithner enchants the markets" 1395:Greg Gordon and Kevin G. Hall: 4006:Chinese property sector crisis 3914:2015–2016 stock market selloff 3842:August 2011 stock markets fall 3753:2008–2011 Irish banking crisis 3450:1990s Swedish financial crisis 3199:Weimar Republic hyperinflation 2543:Primary Dealer Credit Facility 2412:Role of credit rating agencies 2372:Background / timeline 2084:2008–2009 Keynesian resurgence 1929:Federal Housing Finance Agency 1924:Federal Housing Administration 1697:10.1016/j.jimonfin.2009.08.005 1559:La Monica, Paul (2009-03-23). 1419:Citigroup Remarks Boost Stocks 1381:When Will The Bear Market End? 1177:"Grammar Police - the Current" 1147:, Ron Paul, November 24, 2008 760:Collateralized debt obligation 1: 4079:List of sovereign debt crises 4021:2022 Russian financial crisis 3718:2008 Latvian financial crisis 3711:U.S. bear market of 2007–2009 3589:Stock market downturn of 2002 3530:1998 Russian financial crisis 3383:1983 Israel bank stock crisis 2563:Troubled Asset Relief Program 2468:Economic Stimulus Act of 2008 2364:U.S. subprime mortgage crisis 2099:Economic Stimulus Act of 2008 2033:Troubled Asset Relief Program 1959:Office of Financial Stability 1934:Federal Housing Finance Board 1868:Société Générale trading loss 1520:"My Plan for Bad Bank Assets" 815:Stock market crashes in India 266:bankruptcy of Lehman Brothers 3781:Greek government-debt crisis 3618:2004 Argentine energy crisis 3575:2001 Turkish economic crisis 3464:1990s Armenian energy crisis 3457:1990s Finnish banking crisis 3318:1976 British currency crisis 3288:1973–1974 stock market crash 2403:United States housing bubble 2018:Irish emergency budget, 2009 1367:U.S. News & World Report 946:E.S. Browning (2007-03-27). 643:Council of Economic Advisors 416:Opinions regarding the cause 348:Inauguration of Barack Obama 132: 126: 120: 59:Dow Jones Industrial Average 3937:2017 Sri Lankan fuel crisis 3603:2003 Myanmar banking crisis 3596:2002 Uruguay banking crisis 3516:1997 Asian financial crisis 3443:1991 Indian economic crisis 3435:Rhode Island banking crisis 3405:Cameroonian economic crisis 3191:Early Soviet hyperinflation 2804:Crisis of the Third Century 1540:Stark, Betsy (2009-03-23). 1501:"Responsible Homeownership" 994:Whose economy is it anyway? 805:1991 Indian economic crisis 633:by the editorial staff and 397: 394: 391: 388: 385: 382: 371: 368: 365: 362: 359: 356: 343: 340: 337: 334: 331: 328: 318: 315: 312: 309: 306: 303: 290: 287: 284: 281: 278: 275: 260: 257: 254: 251: 248: 245: 234: 231: 228: 225: 222: 219: 209: 206: 203: 200: 197: 194: 187:The day the NASDAQ peaked. 183: 180: 177: 174: 171: 168: 157: 154: 151: 148: 145: 142: 129: 123: 117: 34:US Bear market of 2007–2009 4159: 3968:Sri Lankan economic crisis 3826:Energy crisis in Venezuela 3805:2009 Dubai debt standstill 3655:2007–2008 financial crisis 3310:Latin American debt crisis 3073:Paris Bourse crash of 1882 2493:Capital Assistance Program 2435:2007–2008 financial crisis 2317:2007–2008 financial crisis 2209:Mortgage-backed securities 1820:Automotive industry crisis 1645:Dunn, James (2011-04-18). 1151:February 28, 2009, at the 1067:Up Next: The Obama Bounce? 400: 379: 374: 346: 293: 263: 237: 109: 4133:2009 in the United States 4128:2008 in the United States 4123:2007 in the United States 4059: 4036:2022 stock market decline 4028:Pakistani economic crisis 4014:2021–2023 inflation surge 3960:Lebanese liquidity crisis 3929:Venezuelan hyperinflation 3921:Brexit stock market crash 3870:Venezuela economic crisis 3632:Zimbabwean hyperinflation 3215:Wall Street Crash of 1929 3055:2nd Industrial Revolution 2889:1st Industrial Revolution 2647: 2594:Foreclosure rescue scheme 2503:Federal Reserve responses 2450:Indirect economic effects 2407:housing market correction 2307: 2214:Secondary mortgage market 2135:rescues, and acquisitions 2133:Government interventions, 2124:Zero interest-rate policy 1972: 1835:Housing market correction 891:Bear scare on Wall Street 676:Building a technical bull 655:profit-and-earning ratios 538:, and 8) A muddled first 79: 4118:2009 in economic history 4113:2008 in economic history 4108:2007 in economic history 3697:Subprime mortgage crisis 3360:Brazilian hyperinflation 3332:Brazilian hyperinflation 3169:Financial crisis of 1914 2877:Mississippi bubble crash 2498:Capital Purchase Program 2232:(United States; c. 2009) 1964:UK Financial Investments 1849:Banking losses and fraud 1840:Subprime mortgage crisis 1825:California budget crisis 1326:The Obama Economy, Cont. 800:Subprime mortgage crisis 559:chief executive officers 4072:List of economic crises 3990:2020 stock market crash 3983:Financial market impact 3952:Turkish economic crisis 3567:9/11 stock market crash 3523:October 1997 mini-crash 3494:1994 bond market crisis 3486:Yugoslav hyperinflation 3397:Savings and loan crisis 2998:European potato failure 2513:Government intervention 2250:(worldwide; 2011–2012) 2189:Auction rate securities 1919:Federal Home Loan Banks 1610:The Wall Street Journal 1524:The Wall Street Journal 1406:March 17, 2009, at the 1248:The Wall Street Journal 952:The Wall Street Journal 617:The Wall Street Journal 437:and lack of car sales. 4065:List of banking crises 3834:Syrian economic crisis 3767:Blue Monday Crash 2009 3376:Chilean crisis of 1982 3207:Shōwa financial crisis 3013:Highland Potato Famine 2869:South Sea bubble crash 2660:Commodity price shocks 2380:Background information 1939:Federal Reserve System 1813:United States-specific 1428:June 11, 2011, at the 1297:March 7, 2009, at the 1128:July 30, 2007, at the 1122:Repeal Sarbanes–Oxley! 877:July 10, 2008, at the 613:Gramm-Leach-Bliley Act 586:A September 13, 2008, 557:(2002) which requires 542:by Treasury Secretary 35: 3390:Black Saturday (1983) 3244:Kennedy Slide of 1962 2816:Commercial revolution 2289:Decline of newspapers 2236:2009 May Day protests 2182:and financial markets 2072:Stimulus and recovery 549:In 2005, Congressman 520:Tax cuts for the rich 33: 4138:Stock market crashes 3944:Ghana banking crisis 3774:European debt crisis 3559:Dot-com bubble crash 3471:Cuban Special Period 2930:Copper Panic of 1789 2835:The Great Debasement 2827:Great Bullion Famine 2599:Property derivatives 2538:Regulatory responses 2312:European debt crisis 2204:Credit default swaps 2180:Securities involved 1986:stability and reform 1634:on January 23, 2009. 1507:. December 17, 2008. 853:Michael M. Grynbaum 770:Derivative (finance) 659:price-earnings ratio 530:, 6) The lack of an 27:17-month bear market 3900:2015 Nepal blockade 3610:2000s energy crisis 3508:Mexican peso crisis 3413:Black Monday (1987) 3273:1970s energy crisis 3233:Post–WWII expansion 2907:Bengal bubble crash 2702:Financial contagion 2417:Government policies 2272:2000s energy crisis 1984:Banking and finance 1902:Government entities 1183:on October 12, 2008 1065:Michael J. Panzner: 1021:The Washington Post 842:Wall Street Journal 714:Wall Street Journal 630:Wall Street Journal 588:Wall Street Journal 449:Tom Petruno of the 443:The Washington Post 429:Blaming the economy 243:September 12, 2008 18:Bear Market of 2009 3162:Panic of 1910–1911 3006:Great Irish Famine 2944:Panic of 1796–1797 2783:Stock market crash 2568:Wall Street reform 2553:Tea Party protests 2254:Occupy Wall Street 2230:Tea Party protests 1888:Scott W. Rothstein 1361:Michael Mcauliff: 1267:The New York Times 869:Elizabeth Stanton 858:The New York Times 810:Stock market crash 795:Price of petroleum 775:Glass–Steagall Act 702:Treasury Secretary 555:Sarbanes–Oxley Act 524:Sarbanes–Oxley Act 264:Levels before the 36: 4095: 4094: 3976:COVID-19 pandemic 2861:Tulip mania crash 2852:Kipper und Wipper 2829:(c. 1400–c. 1500) 2607: 2606: 2528:Loan modification 2523:Hope Now Alliance 2330: 2329: 2299:Retail apocalypse 2244:(MENA; 2010–2012) 2175: 2174: 2171: 2170: 2067: 2066: 2047:Bank stress tests 1585:on March 30, 2009 1424:, March 11, 2009 1310:The Obama Economy 1145:The Bailout Surge 1037:Los Angeles Times 992:Laurie Kellman: 672:that could fail. 639:George H. W. Bush 528:consumer spending 526:, 5) Encouraging 496:financial bubbles 410: 405: 404: 326:January 20, 2009 273:November 4, 2008 166:October 31, 2007 107: 98: 89: 16:(Redirected from 4150: 4088: 4081: 4074: 4067: 4052: 4045: 4038: 4031: 4023: 4016: 4009: 3999: 3992: 3985: 3978: 3971: 3963: 3955: 3947: 3939: 3932: 3924: 3916: 3909: 3902: 3895: 3888: 3880: 3873: 3865: 3858: 3851: 3844: 3837: 3829: 3821: 3814: 3807: 3783: 3776: 3769: 3762: 3755: 3748: 3741: 3734: 3727: 3720: 3713: 3706: 3699: 3692: 3685: 3678: 3671: 3664: 3657: 3635: 3627: 3620: 3613: 3605: 3598: 3591: 3584: 3577: 3570: 3562: 3554: 3546: 3539: 3532: 3525: 3518: 3511: 3503: 3496: 3489: 3481: 3474: 3466: 3459: 3452: 3445: 3438: 3430: 3422: 3415: 3408: 3400: 3392: 3385: 3378: 3371: 3363: 3349:Great Regression 3344:Great Moderation 3335: 3327: 3320: 3313: 3305: 3297: 3290: 3283: 3276: 3253: 3246: 3224: 3217: 3210: 3202: 3194: 3171: 3164: 3157: 3149: 3142: 3135: 3128: 3120: 3113: 3106: 3098: 3090: 3082: 3075: 3068: 3046: 3038: 3031: 3024: 3015: 3008: 3001: 2982: 2975: 2968: 2961: 2953: 2946: 2939: 2932: 2925: 2917: 2910: 2902: 2880: 2872: 2864: 2856: 2846: 2838: 2830: 2807: 2785: 2778: 2771: 2762: 2755: 2748: 2741: 2734: 2732:Liquidity crisis 2727: 2720: 2711: 2709:Social contagion 2704: 2697: 2690: 2683: 2676: 2669: 2662: 2655: 2641:Financial crises 2634: 2627: 2620: 2611: 2357: 2350: 2343: 2334: 2223:Social responses 2148: 2044: 1974: 1744: 1737: 1730: 1721: 1716: 1691:(8): 1246–1292. 1682: 1663: 1662: 1642: 1636: 1635: 1620: 1614: 1613: 1601: 1595: 1594: 1592: 1590: 1581:. Archived from 1575: 1569: 1568: 1556: 1550: 1549: 1537: 1528: 1527: 1515: 1509: 1508: 1497: 1491: 1486: 1480: 1479: 1472: 1466: 1465: 1452: 1446: 1445: 1438: 1432: 1416: 1410: 1402:, March 9, 2009 1393: 1387: 1377: 1371: 1359: 1353: 1350:Wall St. Journal 1339: 1333: 1330:Wall St. Journal 1323: 1317: 1314:Wall St. Journal 1307: 1301: 1293:, March 6, 2009 1284: 1278: 1277: 1275: 1273: 1258: 1252: 1251: 1239: 1233: 1232: 1230: 1229: 1215: 1209: 1204:and Mike Solon: 1199: 1193: 1192: 1190: 1188: 1179:. Archived from 1173: 1167: 1161: 1155: 1138: 1132: 1115: 1109: 1108:, March 08, 2009 1099: 1093: 1079: 1073: 1063: 1057: 1046: 1040: 1030: 1024: 1015: 1009: 1003: 997: 990: 984: 979: 973: 968: 962: 961: 959: 958: 943: 937: 932: 923: 918: 912: 903: 897: 887: 881: 867: 861: 851: 845: 836: 649:Finding a bottom 512:deficit spending 408: 301:January 1, 2009 192:January 2, 2008 140:October 9, 2007 115:January 1, 2007 105: 96: 87: 77: 21: 4158: 4157: 4153: 4152: 4151: 4149: 4148: 4147: 4098: 4097: 4096: 4091: 4084: 4077: 4070: 4063: 4055: 4048: 4041: 4034: 4026: 4019: 4012: 4004: 3995: 3988: 3981: 3974: 3966: 3958: 3950: 3942: 3935: 3927: 3919: 3912: 3905: 3898: 3891: 3883: 3876: 3868: 3861: 3854: 3847: 3840: 3832: 3824: 3817: 3810: 3803: 3796: 3794:Information Age 3788: 3779: 3772: 3765: 3758: 3751: 3744: 3737: 3730: 3723: 3716: 3709: 3702: 3695: 3688: 3681: 3674: 3667: 3660: 3653: 3646: 3644:Great Recession 3638: 3630: 3623: 3616: 3608: 3601: 3594: 3587: 3580: 3573: 3565: 3557: 3549: 3542: 3535: 3528: 3521: 3514: 3506: 3499: 3492: 3484: 3477: 3469: 3462: 3455: 3448: 3441: 3433: 3425: 3418: 3411: 3403: 3395: 3388: 3381: 3374: 3366: 3358: 3351: 3347: 3338: 3330: 3325:1979 oil crisis 3323: 3316: 3308: 3300: 3293: 3286: 3281:1973 oil crisis 3279: 3271: 3264: 3262:Great Inflation 3256: 3249: 3242: 3235: 3227: 3220: 3213: 3205: 3197: 3189: 3182: 3180:Interwar period 3174: 3167: 3160: 3152: 3145: 3138: 3131: 3123: 3116: 3109: 3101: 3093: 3085: 3078: 3071: 3064: 3057: 3049: 3041: 3034: 3027: 3020: 3011: 3004: 2996: 2985: 2978: 2971: 2964: 2956: 2949: 2942: 2935: 2928: 2920: 2913: 2905: 2898: 2891: 2883: 2875: 2867: 2859: 2849: 2841: 2833: 2825: 2818: 2810: 2802: 2788: 2781: 2774: 2767: 2758: 2751: 2744: 2737: 2730: 2723: 2716: 2707: 2700: 2693: 2686: 2681:Currency crisis 2679: 2672: 2665: 2658: 2651: 2643: 2638: 2608: 2603: 2572: 2454: 2440:Great Recession 2421: 2389: 2385:Impact timeline 2366: 2361: 2331: 2326: 2303: 2260: 2248:Occupy movement 2218: 2181: 2167: 2146: 2134: 2128: 2063: 2042: 1985: 1979: 1968: 1897: 1844: 1808: 1753: 1751:Great Recession 1748: 1680: 1675: 1672: 1670:Further reading 1667: 1666: 1659: 1644: 1643: 1639: 1622: 1621: 1617: 1603: 1602: 1598: 1588: 1586: 1577: 1576: 1572: 1558: 1557: 1553: 1539: 1538: 1531: 1517: 1516: 1512: 1499: 1498: 1494: 1487: 1483: 1474: 1473: 1469: 1454: 1453: 1449: 1440: 1439: 1435: 1430:Wayback Machine 1417: 1413: 1408:Wayback Machine 1394: 1390: 1379:David Serchuk: 1378: 1374: 1360: 1356: 1352:, March 6, 2009 1340: 1336: 1332:, March 6, 2009 1324: 1320: 1316:, March 3, 2009 1308: 1304: 1299:Wayback Machine 1285: 1281: 1271: 1269: 1260: 1259: 1255: 1241: 1240: 1236: 1227: 1225: 1223:www.govinfo.gov 1217: 1216: 1212: 1200: 1196: 1186: 1184: 1175: 1174: 1170: 1162: 1158: 1153:Wayback Machine 1139: 1135: 1130:Wayback Machine 1116: 1112: 1106:Time (magazine) 1100: 1096: 1092:, March 5, 2009 1080: 1076: 1072:, March 7, 2009 1070:Huffington Post 1064: 1060: 1056:, March 5, 2009 1047: 1043: 1039:, March 7, 2009 1031: 1027: 1016: 1012: 1004: 1000: 991: 987: 980: 976: 969: 965: 956: 954: 945: 944: 940: 933: 926: 919: 915: 904: 900: 896:, June 27, 2008 889:Alexandra Twin 888: 884: 879:Wayback Machine 868: 864: 860:, June 27, 2008 852: 848: 844:, June 28, 2008 837: 833: 828: 751: 732: 723: 686:Federal Reserve 678: 651: 584: 536:State of denial 490:, and that the 477: 431: 418: 75: 46:was a 17-month 28: 23: 22: 15: 12: 11: 5: 4156: 4154: 4146: 4145: 4140: 4135: 4130: 4125: 4120: 4115: 4110: 4100: 4099: 4093: 4092: 4090: 4089: 4082: 4075: 4068: 4060: 4057: 4056: 4054: 4053: 4046: 4039: 4032: 4030:(2022–present) 4024: 4017: 4010: 4008:(2020–present) 4002: 4001: 4000: 3993: 3986: 3972: 3970:(2019–present) 3964: 3962:(2019–present) 3956: 3954:(2018–present) 3948: 3940: 3933: 3925: 3917: 3910: 3903: 3896: 3889: 3881: 3874: 3872:(2013–present) 3866: 3859: 3852: 3845: 3838: 3836:(2011–present) 3830: 3828:(2010–present) 3822: 3815: 3808: 3800: 3798: 3797:(2009–present) 3790: 3789: 3787: 3786: 3785: 3784: 3777: 3770: 3763: 3756: 3749: 3742: 3735: 3728: 3721: 3714: 3707: 3700: 3693: 3686: 3679: 3672: 3665: 3662:September 2008 3650: 3648: 3640: 3639: 3637: 3636: 3634:(2007–present) 3628: 3621: 3614: 3606: 3599: 3592: 3585: 3578: 3571: 3563: 3555: 3547: 3540: 3533: 3526: 3519: 3512: 3504: 3497: 3490: 3482: 3475: 3467: 3460: 3453: 3446: 3439: 3431: 3423: 3416: 3409: 3401: 3393: 3386: 3379: 3372: 3364: 3355: 3353: 3340: 3339: 3337: 3336: 3328: 3321: 3314: 3306: 3298: 3291: 3284: 3277: 3268: 3266: 3258: 3257: 3255: 3254: 3247: 3239: 3237: 3229: 3228: 3226: 3225: 3218: 3211: 3203: 3195: 3186: 3184: 3176: 3175: 3173: 3172: 3165: 3158: 3150: 3143: 3136: 3129: 3121: 3114: 3107: 3099: 3091: 3083: 3076: 3069: 3061: 3059: 3051: 3050: 3048: 3047: 3039: 3032: 3025: 3018: 3017: 3016: 3009: 2993: 2991: 2987: 2986: 2984: 2983: 2976: 2969: 2962: 2954: 2947: 2940: 2933: 2926: 2924:(c. 1780–1795) 2918: 2911: 2903: 2895: 2893: 2885: 2884: 2882: 2881: 2873: 2865: 2857: 2847: 2845:(c. 1600–1760) 2839: 2831: 2822: 2820: 2812: 2811: 2809: 2808: 2799: 2797: 2790: 2789: 2787: 2786: 2779: 2772: 2765: 2764: 2763: 2756: 2749: 2742: 2728: 2725:Hyperinflation 2721: 2714: 2713: 2712: 2698: 2691: 2684: 2677: 2670: 2663: 2656: 2648: 2645: 2644: 2639: 2637: 2636: 2629: 2622: 2614: 2605: 2604: 2602: 2601: 2596: 2591: 2586: 2584:Error accounts 2580: 2578: 2577:Related topics 2574: 2573: 2571: 2570: 2565: 2560: 2555: 2550: 2545: 2540: 2535: 2530: 2525: 2520: 2515: 2510: 2505: 2500: 2495: 2490: 2485: 2480: 2475: 2470: 2464: 2462: 2456: 2455: 2453: 2452: 2447: 2442: 2437: 2431: 2429: 2423: 2422: 2420: 2419: 2414: 2409: 2399: 2397: 2391: 2390: 2388: 2387: 2382: 2376: 2374: 2368: 2367: 2362: 2360: 2359: 2352: 2345: 2337: 2328: 2327: 2325: 2324: 2319: 2314: 2308: 2305: 2304: 2302: 2301: 2296: 2291: 2286: 2281: 2280: 2279: 2268: 2266: 2265:Related topics 2262: 2261: 2259: 2258: 2257: 2256: 2245: 2239: 2233: 2226: 2224: 2220: 2219: 2217: 2216: 2211: 2206: 2201: 2196: 2191: 2185: 2183: 2177: 2176: 2173: 2172: 2169: 2168: 2166: 2165: 2163:General Motors 2160: 2154: 2152: 2145: 2144: 2138: 2136: 2130: 2129: 2127: 2126: 2121: 2116: 2111: 2109:Green New Deal 2106: 2101: 2096: 2091: 2086: 2081: 2075: 2073: 2069: 2068: 2065: 2064: 2062: 2061: 2056: 2050: 2048: 2041: 2040: 2035: 2030: 2025: 2020: 2015: 2010: 2005: 2000: 1995: 1989: 1987: 1981: 1980: 1977: 1970: 1969: 1967: 1966: 1961: 1956: 1951: 1946: 1941: 1936: 1931: 1926: 1921: 1916: 1911: 1905: 1903: 1899: 1898: 1896: 1895: 1893:Allen Stanford 1890: 1885: 1880: 1875: 1870: 1865: 1864: 1863: 1852: 1850: 1846: 1845: 1843: 1842: 1837: 1832: 1830:Housing bubble 1827: 1822: 1816: 1814: 1810: 1809: 1807: 1806: 1801: 1800: 1799: 1789: 1784: 1783: 1782: 1777: 1767: 1761: 1759: 1755: 1754: 1749: 1747: 1746: 1739: 1732: 1724: 1718: 1717: 1671: 1668: 1665: 1664: 1657: 1637: 1615: 1596: 1570: 1551: 1529: 1510: 1492: 1481: 1467: 1447: 1433: 1411: 1388: 1372: 1354: 1342:Michael Boskin 1334: 1318: 1302: 1279: 1253: 1234: 1210: 1194: 1168: 1156: 1133: 1110: 1094: 1074: 1058: 1041: 1025: 1010: 998: 985: 974: 963: 938: 924: 913: 911:, Jun 27, 2008 898: 882: 873:July 3, 2008. 862: 846: 830: 829: 827: 824: 823: 822: 817: 812: 807: 802: 797: 792: 787: 782: 777: 772: 767: 762: 757: 750: 747: 731: 728: 722: 719: 677: 674: 650: 647: 635:Michael Boskin 604:George W. Bush 583: 580: 563:capital flight 488:George W. Bush 476: 473: 469:housing bubble 459:Dick Meyer of 435:housing bubble 430: 427: 417: 414: 413: 412: 403: 402: 399: 396: 393: 390: 387: 384: 381: 377: 376: 373: 370: 367: 364: 361: 358: 355: 354:March 9, 2009 351: 350: 345: 342: 339: 336: 333: 330: 327: 323: 322: 320: 317: 314: 311: 308: 305: 302: 298: 297: 292: 289: 286: 283: 280: 277: 274: 270: 269: 262: 259: 256: 253: 250: 247: 244: 240: 239: 236: 233: 230: 227: 224: 221: 218: 217:June 27, 2008 214: 213: 211: 208: 205: 202: 199: 196: 193: 189: 188: 185: 182: 179: 176: 173: 170: 167: 163: 162: 159: 156: 153: 150: 147: 144: 141: 137: 136: 134: 131: 128: 125: 122: 119: 116: 112: 111: 108: 102: 99: 93: 90: 84: 81: 74: 71: 26: 24: 14: 13: 10: 9: 6: 4: 3: 2: 4155: 4144: 4141: 4139: 4136: 4134: 4131: 4129: 4126: 4124: 4121: 4119: 4116: 4114: 4111: 4109: 4106: 4105: 4103: 4087: 4083: 4080: 4076: 4073: 4069: 4066: 4062: 4061: 4058: 4051: 4047: 4044: 4040: 4037: 4033: 4029: 4025: 4022: 4018: 4015: 4011: 4007: 4003: 3998: 3994: 3991: 3987: 3984: 3980: 3979: 3977: 3973: 3969: 3965: 3961: 3957: 3953: 3949: 3945: 3941: 3938: 3934: 3930: 3926: 3922: 3918: 3915: 3911: 3908: 3904: 3901: 3897: 3894: 3890: 3886: 3882: 3879: 3875: 3871: 3867: 3864: 3860: 3857: 3853: 3850: 3846: 3843: 3839: 3835: 3831: 3827: 3823: 3820: 3816: 3813: 3809: 3806: 3802: 3801: 3799: 3795: 3791: 3782: 3778: 3775: 3771: 3768: 3764: 3761: 3757: 3754: 3750: 3747: 3743: 3740: 3736: 3733: 3729: 3726: 3722: 3719: 3715: 3712: 3708: 3705: 3701: 3698: 3694: 3691: 3687: 3684: 3683:December 2008 3680: 3677: 3676:November 2008 3673: 3670: 3666: 3663: 3659: 3658: 3656: 3652: 3651: 3649: 3645: 3641: 3633: 3629: 3626: 3622: 3619: 3615: 3611: 3607: 3604: 3600: 3597: 3593: 3590: 3586: 3583: 3579: 3576: 3572: 3568: 3564: 3560: 3556: 3552: 3548: 3545: 3541: 3538: 3534: 3531: 3527: 3524: 3520: 3517: 3513: 3509: 3505: 3502: 3498: 3495: 3491: 3487: 3483: 3480: 3476: 3472: 3468: 3465: 3461: 3458: 3454: 3451: 3447: 3444: 3440: 3436: 3432: 3428: 3424: 3421: 3417: 3414: 3410: 3406: 3402: 3398: 3394: 3391: 3387: 3384: 3380: 3377: 3373: 3369: 3365: 3361: 3357: 3356: 3354: 3350: 3345: 3341: 3333: 3329: 3326: 3322: 3319: 3315: 3311: 3307: 3303: 3299: 3296: 3292: 3289: 3285: 3282: 3278: 3274: 3270: 3269: 3267: 3263: 3259: 3252: 3248: 3245: 3241: 3240: 3238: 3234: 3230: 3223: 3222:Panic of 1930 3219: 3216: 3212: 3208: 3204: 3200: 3196: 3192: 3188: 3187: 3185: 3181: 3177: 3170: 3166: 3163: 3159: 3155: 3151: 3148: 3147:Panic of 1907 3144: 3141: 3140:Panic of 1901 3137: 3134: 3133:Panic of 1896 3130: 3126: 3122: 3119: 3115: 3112: 3111:Panic of 1893 3108: 3104: 3100: 3096: 3095:Baring crisis 3092: 3088: 3087:Arendal crash 3084: 3081: 3080:Panic of 1884 3077: 3074: 3070: 3067: 3066:Panic of 1873 3063: 3062: 3060: 3056: 3052: 3044: 3040: 3037: 3036:Panic of 1866 3033: 3030: 3029:Panic of 1857 3026: 3023: 3022:Panic of 1847 3019: 3014: 3010: 3007: 3003: 3002: 2999: 2995: 2994: 2992: 2988: 2981: 2980:Panic of 1837 2977: 2974: 2973:Panic of 1825 2970: 2967: 2966:Panic of 1819 2963: 2959: 2955: 2952: 2948: 2945: 2941: 2938: 2937:Panic of 1792 2934: 2931: 2927: 2923: 2919: 2916: 2912: 2908: 2904: 2901: 2897: 2896: 2894: 2890: 2886: 2878: 2874: 2870: 2866: 2862: 2858: 2854: 2853: 2848: 2844: 2840: 2836: 2832: 2828: 2824: 2823: 2821: 2817: 2813: 2805: 2801: 2800: 2798: 2796: 2791: 2784: 2780: 2777: 2776:Social crisis 2773: 2770: 2769:Minsky moment 2766: 2761: 2757: 2754: 2750: 2747: 2743: 2740: 2736: 2735: 2733: 2729: 2726: 2722: 2719: 2715: 2710: 2706: 2705: 2703: 2699: 2696: 2695:Energy crisis 2692: 2689: 2685: 2682: 2678: 2675: 2671: 2668: 2667:Credit crunch 2664: 2661: 2657: 2654: 2650: 2649: 2646: 2642: 2635: 2630: 2628: 2623: 2621: 2616: 2615: 2612: 2600: 2597: 2595: 2592: 2590: 2587: 2585: 2582: 2581: 2579: 2575: 2569: 2566: 2564: 2561: 2559: 2556: 2554: 2551: 2549: 2546: 2544: 2541: 2539: 2536: 2534: 2531: 2529: 2526: 2524: 2521: 2519: 2516: 2514: 2511: 2509: 2506: 2504: 2501: 2499: 2496: 2494: 2491: 2489: 2486: 2484: 2481: 2479: 2476: 2474: 2471: 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1965: 1962: 1960: 1957: 1955: 1952: 1950: 1947: 1945: 1942: 1940: 1937: 1935: 1932: 1930: 1927: 1925: 1922: 1920: 1917: 1915: 1912: 1910: 1907: 1906: 1904: 1900: 1894: 1891: 1889: 1886: 1884: 1881: 1879: 1878:Bernie Madoff 1876: 1874: 1873:Forex scandal 1871: 1869: 1866: 1862: 1859: 1858: 1857: 1856:Libor scandal 1854: 1853: 1851: 1847: 1841: 1838: 1836: 1833: 1831: 1828: 1826: 1823: 1821: 1818: 1817: 1815: 1811: 1805: 1802: 1798: 1795: 1794: 1793: 1790: 1788: 1785: 1781: 1780:South America 1778: 1776: 1775:United States 1773: 1772: 1771: 1768: 1766: 1763: 1762: 1760: 1756: 1752: 1745: 1740: 1738: 1733: 1731: 1726: 1725: 1722: 1714: 1710: 1706: 1702: 1698: 1694: 1690: 1686: 1679: 1674: 1673: 1669: 1660: 1658:9781742468914 1654: 1650: 1649: 1641: 1638: 1633: 1629: 1625: 1619: 1616: 1611: 1607: 1600: 1597: 1584: 1580: 1574: 1571: 1566: 1565:Money.CNN.com 1562: 1555: 1552: 1547: 1543: 1536: 1534: 1530: 1525: 1521: 1514: 1511: 1506: 1502: 1496: 1493: 1490: 1485: 1482: 1477: 1471: 1468: 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Index

Bear Market of 2009

bear market
bear market
S&P 500
Dow Jones Industrial Average
bankruptcy of Lehman Brothers
Election Day
Inauguration of Barack Obama
bear market
housing bubble
The Washington Post
LA Times
NPR
housing bubble
United States Secretary of Labor
Robert Reich
George W. Bush
housing
financial bubbles
Justin Fox
Time magazine
deficit spending
Iraq
Tax cuts for the rich
Sarbanes–Oxley Act
consumer spending
energy policy
State of denial
bailout

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