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For 18 consecutive quarters, from Q2,’02 through Q3,’06, S&P 500 operating earnings increased at least 10% each quarter. Initially the gains were a rebound from the earnings declines of the 2000-2002 Bear market and recession, and later on they were reflective of an accelerating market and recovering economy. Then came the housing bust, liquidity, unemployment, [...]
U.S. Securities and Exchange Commission (SEC) still has not discovered or explained what triggered the now infamous 1,000 points plunge on May 6, 2010 – enough to wipe more than US$1 trillion in U.S. market value. The 9.2% drop was the biggest intraday percentage loss since 1987 and largest point drop ever. This event may [...]
Free exchange Political economy R.A. | WASHINGTON Growth keeps fringe groups at bay HERE is some interesting new research from Markus Brückner and Hans Peter Grüner, on the political impacts of deep recessions: Our main finding is that higher per capita GDP growth is significantly negatively linked to the support for extreme political positions. While [...]