This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Top Business Story: Recovery From Great Recession

Small- and mid-sized banks hold lots of those loans and have been hurt more than big institutions by the sinking commercial real estate market, especially in states like California, Georgia and Illinois. As defaults rise, these banks must set aside more money to cover losses.

6. U.S. SPILLS RED INK: The federal deficit triples to record $1.4 trillion as financial bailout and war costs soar. It's more than the total national debt for the first 200 years of the Republic, more than the entire economy of India, almost as much as Canada's, and more than $4,700 for every man, woman and child in the United States.

7. MADOFF SCANDAL: Disgraced financier Bernard Madoff is sentenced to 150 years in prison for his multibillion-dollar Ponzi scheme. A year after Madoff's scheme collapsed in December 2008 ¿ with headlines of $50 billion in losses ¿ investigators and investors are still struggling to measure the full scope and impact of the largest securities fraud in history.

8. FEDERAL AID FOR ECONOMY: Government stimulus programs spur sales of homes and autos but raise doubts about whether the economic recovery can be lasting if federal aid is withdrawn.

9. A NEW FRUGALITY: Consumer spending, which accounts for about 70 percent of U.S. economic activity, shows tentative improvement but remains far below pre-recession levels. Evidence mounts that many Americans have become lasting coupon-cutters, scrimpers and savers. Consumer confidence in November rises to 49.5 from 48.7 in October. A reading above 90 means the economy is on solid footing; above 100 signals strong growth.

4 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%
YHOO $44.52 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs