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The 1980s were a tough time for financial markets. Not one but two recessions in the early '80s, high rates of inflation and unemployment, and Black Monday, one of the worst stock market crashes of...
In 1980, there were approximately 4590 state and federally chartered savings and loan institutions (S&Ls), with total assets of $616 billion. From 1979, they began losing money because of spiraling interest rates. Net S&L income, which had totaled $781 million in 1980, fell to a loss of $4.6 billion in 1981 and a loss of $4.1 billion in 1982.
Construction declined by a similar 300,000. Unemployment rose to a recession peak of 7.8% in June 1980, however, it changed very little through the end of the year, averaging 7.5% through the first quarter of 1981. [8] The official end of the recession was established as of July 1980. [1]
The early 1980s saw a recession along with high interest rates, which stressed both thrift and other banking institutions considerably. [7] Negative net interest margins, due to the low interest earned on assets with high deposit interest expenses needed to retain deposits, caused a wave of thrift failures between 1981 and 1983. [1]
Michael Milken, the man credited with creating the market for high yield "junk" bonds and spurring the LBO boom of the 1980s. The beginning of the first boom period in private equity would be marked by the well-publicized success of the Gibson Greetings acquisition in 1982 and would roar ahead through 1983 and 1984 with the soaring stock market driving profitable exits for private equity ...
Source: Wikimedia Commons. Before reading this, I challenge you to figure out what American company has had the best performing stock since 1980. My guess is that you won't take me up on that. And ...
The 1980s was a time of big hair, neon colors, and some seriously valuable collectibles. From toys to tech, you might be surprised things you've had in storage for decades are actually worth a...
1980–1989 world oil market chronology; 1980s austerity policy in Romania; 1980s oil glut; 1985 Israel Economic Stabilization Plan; 2000s commodities boom; A.