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By March 9, 2009, the Dow had fallen to 6,500, a percentage decline exceeding the pace of the market's fall during the Great Depression and a level which the index had last seen in 1997. On March 10, 2009, a countertrend bear market rally began, taking the Dow up to 8,500 by May 6, 2009. Financial stocks were up more than 150% during this rally.
On February 2, 2009, President Obama signed a memorandum "directing more than $20 million for 'urgent refugee and migration needs" in Gaza." [49] The 2008–2009 Israeli-Gaza Conflict last from December 27, 2008, to January 18, 2009, when unilateral cease-fires were issued by both the Israeli government and Hamas.
On 23 January 2009, Government figures from the Office for National Statistics showed that the UK was officially in recession for the first time since 1991; with a 1.5% fall in gross domestic product during the final quarter of 2008 being the sharpest for 28 years. [93] On 5 February 2009 interest rates were cut further from 1.5% to 1%.
Just when you thought it was safe to open a newspaper, there's some bad news: There could be an additional 4.8 million foreclosure sales between 2009 and 2011, said Mark Zandi, chief economist at ...
Darwin's Finance explains why the normal correlation between gold and the dollar has broken down. _____ And speaking of which, The Intelligent Speculator figures out a new way to protect against ...
A February 2009 study on the main British insurers showed that most of them do not plan to raise their insurance premiums for the year 2009, in spite of the prediction of a 20% raise made by The Daily Telegraph and The Daily Mirror. However, it is expected that the capital liquidity will become an issue and determine increases, having their ...
Fortune has an interesting story on the worst housing markets for 2009. 2008 was a brutal year across the country, but the experts predict that it will get a lot worse for quite a few cities over ...
First quarter of 2009: For the first quarter of 2009, the annualized rate of decline in GDP was 14.4% in Germany, 15.2% in Japan, 7.4% in the UK, 18% in Latvia, [190] 9.8% in the Euro area and 21.5% for Mexico. [35] April 2, 2009: Unrest over economic policy and bonuses paid to bankers resulted in the 2009 G20 London summit protests.