2003 Related Topics 
The Big Picture
APRIL 28, 2025
From March 2000 to the double lows October 2002 and March 2003, the Nasdaq 100 fell 82.9% (peak to trough). For two decades, every dip purchase was soon rewarded. It takes a while to change behavior. Look at the dotcom implosion (and the September 11 terrorist attacks).
Calculated Risk
NOVEMBER 13, 2024
Look at the difference in credit scores in the recent period compared to the during the bubble years (2003 through 2006). Recently there have been almost no originations for borrowers with credit scores below 620, and few below 660. A significant majority of recent originations have been to borrowers with credit score above 760.
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Calculated Risk
FEBRUARY 13, 2025
Look at the difference in credit scores in the recent period compared to the during the bubble years (2003 through 2006). Recently there have been almost no originations for borrowers with credit scores below 620, and few below 660. A significant majority of recent originations have been to borrowers with credit score above 760.
Calculated Risk
DECEMBER 11, 2023
Here is a graph of the participation rate by age cohort for November (1983, 1993, 2003, 2013 and 2023 NSA). Second, the reason we use the 25 to 54 group is that the participation rate is fairly steady across the entire age spectrum.
The Big Picture
JANUARY 3, 2023
– Dot Com Implosion, March 2003 : After making a provisional low in October 2002, the dot com collapse reached its nadir in March 2003 coinciding with the launch of the Iraq invasion by the United States. The rally from those lows were close to a market double by the time we saw the next peak in October 2007.
The Big Picture
OCTOBER 1, 2022
Events such as the tech/dotcom implosion, the double low in Oct 2002 and March 2003, the Great Financial Crisis in late 2007/early 2008, the lows in March 2009, and more recently, the 2020 pandemic. For context, think about the times when all of the stars lined up and a major reversal was fairly obvious.
Calculated Risk
JANUARY 10, 2024
Change in Payroll Jobs per Year (000s) Total, Nonfarm Private Public 1997 3,406 3,211 195 1998 3,048 2,735 313 1999 3,181 2,720 461 2000 1,938 1,674 264 2001 -1,733 -2,284 551 2002 -515 -748 233 2003 125 167 -42 2004 2,038 1,891 147 2005 2,528 2,342 186 2006 2,092 1,883 209 2007 1,145 857 288 2008 -3,549 -3,729 180 2009 -5,041 -4,967 -74 2010 1,027 (..)
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