The Big Picture

FEBRUARY 16, 2024

Dudley explains how he became President of the NY Fed in January 2009 — right in the heart of the GFC. He describes that as a turning point in the banking crisis.

Wealth Management 150

Wealth Management Banking Portfolio Management Management 150

The Big Picture

NOVEMBER 27, 2023

The dotcom top, the double bottom in Oct 02-March 03; the highs in 2007, the lows 2009. Luck : I put luck last because it’s so often overlooked. Consider what you would have had to do over the past 2 decades to be a successful timer.

Marketing 290

Marketing Marketing Math Retirement Planning 290

Abnormal Returns

SEPTEMBER 21, 2023

Markets The credit markets are very different than they were in 2009. semafor.com) Despite a slowdown, the warehouse industry is raising rents. wsj.com) IPOs Shopify ($SHOP) is a winner in the Klayvio ($KVYO) IPO. theinformation.com) Is the IPO window really that open?

Financial Advising 275

Financial Advising Media Economy Numbers 275

The Big Picture

NOVEMBER 26, 2022

This week, we speak with Boaz Weinstein, the chief investment officer of Saba Capital Management LP, which Weinstein founded in 2009 as a lift-out of Saba Principal Strategies. Prior to founding Saba, Boaz Weinstein was co-head of global credit trading at Deutsche Bank, where he oversaw approximately 650 professionals.

Banking 246

Banking Management Assets Investing 246

Meb Faber Research

FEBRUARY 9, 2024

Between the end of 1979 and the end of 2009, […] The post Episode #520: Drew Dickson on Navigating Behavioral Biases, U.S. Recorded: 1/24/2024 | Run-Time: 1:03:53 Summary: We talk a lot about global investing on this show and wanted to talk about that with Drew given his focus on European markets.

Investing 112

Investing Investments Marketing Marketing 112

The Big Picture

JANUARY 3, 2023

Monetary stimulus (ZIRP/QE) from 2009-2021. – Great Financial Crisis, March 2009 : The S&P 500 index made a generational low post-GFC on March 9, 2009, after having fallen 56.78%. Historically, SPX averages about 8% with dividends. Fiscal stimulus 2020-22. The next ~12 years saw gains of 608.5% through January 4, 2022.

Economy 318

Economy Economics Portfolio Media 318

A Wealth of Common Sense

DECEMBER 19, 2023

The tech-heavy index is on pace for its first half-century performance since 2009. The Nasdaq 100 is up more than 50% this year. The Magnificent 7 stocks are a big reason for this year’s massive gains but it also helps that the Nasdaq crashed last year, falling more than 32%.

Marketing 105

Marketing Marketing 105

Advisor Perspectives

DECEMBER 7, 2023

As of Q3 2023, the latest Fed balance sheet indicates that household net worth has risen 154% since reaching its 2009 low. However, when adjusted for inflation, household net worth has increased by only 77% since the 2009 trough.

59

59

Wealth Management

MAY 26, 2023

Office REITs are trading at their lowest levels since 2009, reports Bloomberg. Crow Holdings formed a $2.6 billion joint venture focused on retail assets. These are some must reads from around the real estate investment world heading into the weekend.

Retail 117

Retail Assets Investing Investments 117

Advisor Perspectives

SEPTEMBER 8, 2023

As of Q2 2023, the latest Fed balance sheet indicates that household net worth has risen 160% since reaching its 2009 low. However, when adjusted for inflation, household net worth has increased by only 82% since the 2009 trough.

64

64

Advisor Perspectives

JUNE 22, 2023

and the 14th consecutive monthly decline, the longest streak since 2009. The Conference Board Leading Economic Index (LEI) for May dropped to 106.7 from April's figure of 107.5. This is the index's lowest reading since July 2020. Today's reading represented a 0.7% month-over-month decline, slightly higher than the forecast.

Economics 111

Economics 111

Advisor Perspectives

MAY 18, 2023

This is the 13th consecutive monthly decline, the longest streak since 2009, and the lowest reading since September 2020. The latest Conference Board Leading Economic Index (LEI) for April dropped to 107.5 from March's revised figure of 108.2. Today's reading represented a 0.6% month-over-month decline, consistent with the forecast.

Economics 115

Economics 115

The Big Picture

OCTOBER 1, 2022

” The blog, which he launched in 2009, spawned a bestselling book, now available in 17 languages, as well as a podcast. This week, we speak with science journalist David McRaney, who investigates the psychology of reasoning, decision-making and judgment on his blog “ You Are Not So Smart.”

Economics 288

Economics Marketing Marketing 288

Calculated Risk

APRIL 3, 2024

Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. The dashed line is the March 2024 seasonally adjusted annual sales rate (SAAR). Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019. Click on graph for larger image.

Sales 76

Sales 76

Norman Marks

APRIL 15, 2024

Back then, we had the 2009 version, which included a definition of risk and a set of principles. I have been open for years about my preference for the ISO:31000 global risk management standard over the COSO products. (I I first explained my position at Alex Dali’s ISO 31000 Conference in Paris in 2011.) The definition […]

Risk Management 45

Risk Management Management 45

The Big Picture

OCTOBER 13, 2023

March 2008) NAR Housing Affordability Index is Worthless (August 2008) Former NAR Economist David Lereah is a Jackass (January 6th, 2009) Its ALWAYS a Good Time to Buy a House!

Numbers 283

Numbers Sales Management Marketing 283

Calculated Risk

AUGUST 9, 2022

Back in early 2009, I wrote a couple of posts arguing there would be an increase in auto sales - Vehicle Sales (Jan 2009) and Looking for the Sun (Feb 2009). This was an out-of-the-consensus call and helped me call the bottom for the US economy in mid-2009. Click on graph for larger image in graph gallery.

Sales 82

Sales Numbers Economy 82

The Chicago Financial Planner

JUNE 13, 2022

For example during the 2008-2009 market debacle I looked at funds to see how they did in both the down market of 2008 and the up market of 2009. If a fund did worse than the majority of its peers in 2008 I would expect to see better than average performance in the up market of 2009.

Risk Tolerance 188

Risk Tolerance Marketing Marketing Financial Planner 188

NAIFA Advisor Today

OCTOBER 23, 2023

Advisor Today , the official publication of the National Association of Insurance and Financial Advisors (NAIFA), is pleased to announce the winners of its 2023 4 Under 40 awards: Matthew Cloutier , CRC, RFC, of Golden Wealth Solutions ( Osaic ) in Littleton, CO, loyal member since 2022; Jennifer Lewis of Wise Medicare Insurance Solutions ( United (..)

Healthcare 98

Healthcare Insurance Financial Advisor 98

Calculated Risk

MARCH 4, 2024

Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. The dashed line is the February 2024 seasonally adjusted annual sales rate (SAAR). Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019. Click on graph for larger image.

Sales 85

Sales 85

The Irrelevant Investor

OCTOBER 25, 2022

Today we learned that home prices had their largest drop since 2009. This is just a small preview of what I believe we’ll see in the coming months as the market adjusts to 7% mortgages. In fact, a lot of the economic data will likely worsen.

Economics 133

Economics Marketing Marketing 133

Calculated Risk

FEBRUARY 4, 2024

Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. The dashed line is the January 2024 seasonally adjusted annual sales rate (SAAR). Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019. Click on graph for larger image.

Sales 104

Sales Marketing Marketing 104

The Big Picture

OCTOBER 7, 2022

Who is to Blame, 1-25 (June 29, 2009). _. Blame the Fed For Everything! June 9, 2022). Normalization vs Inflation (March 14, 2022). How Greenspan Became the ex-Maestro (August 11, 2014). For the full calendar year 2020, the total return for the S&P 50 index was 18.4%; the 67.9% return is from the March 23, 2020 low.

Economics 329

Economics Banking Portfolio Assets 329

The Big Picture

APRIL 11, 2024

Most of the hedge fund community would be revealed post-2009 as not worth their costs. The 2000s saw a few major changes: Computers had become ubiquitous and relatively cheap, data became widely available and people soon found out how well their active managers had — or had not — done.

Commission 349

Commission Taxes Management Electronics 349

Advisor Perspectives

DECEMBER 27, 2023

Thanks to the great recession of 2008 and 2009, there is more value to be found in the financial sector than any other of the 11 sectors.

52

52

Calculated Risk

SEPTEMBER 5, 2023

Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. The dashed line is the August 2023 seasonally adjusted annual sales rate (SAAR). Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019. Click on graph for larger image.

Sales 136

Sales Marketing Marketing 136

Advisor Perspectives

JULY 20, 2023

This is the index's lowest reading since July 2020 and the 15th consecutive monthly decline, the longest streak since 2009. The Conference Board Leading Economic Index (LEI) for June dropped to 106.1 from May's figure of 106.9. Today's reading represented a 0.7% month-over-month decline, slightly worse than the forecast.

Economics 75

Economics 75

The Big Picture

FEBRUARY 11, 2023

Before joining BlackRock in 2009, Rieder was president and chief executive officer of R3 Capital Partners. This week, we speak with Rick Rieder , who is BlackRock ‘s chief investment officer of global fixed income, head of the fundamental fixed income business, and head of the global allocation investment team. trillion in assets.

Communication 174

Communication Banking Investing Investments 174

Calculated Risk

OCTOBER 4, 2022

Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. The dashed line is the September 2022 seasonally adjusted annual sales rate (SAAR). Then heavy truck sales increased to a new all-time high of 570 thousand SAAR in April 2019. Click on graph for larger image.

Sales 140

Sales 140

The Big Picture

AUGUST 25, 2022

I had flipped bullish in March 2009, but I have vivid recollections that Fall of listening to Jim O’Shaughnessy of OSAM explain the history of markets following a 50+% crash. Over the years, I have been involved in a fair share of investment conferences. He was even more bullish than I was, and had the data to back it up.

Wealth Management 332

Wealth Management Investing Investments Management 332

Calculated Risk

JANUARY 27, 2023

Way back in 2009, I pointed out that there are usually two bottoms for housing. Brief excerpt: I’ve heard some positive comments from a number of real estate agents in the last week about the existing home market. Activity is still down sharply year-over-year (YoY), but the YoY decline is getting smaller.

Sales 108

Sales Numbers Investing Investments 108

Advisor Perspectives

OCTOBER 16, 2023

In February 2009, I wrote “ 8 Reasons For A Bull Market. Psychology in markets is always fascinating. ” While in hindsight, it is easy to see that was the right call, overall, psychology was highly negative at the time.

Valuation 52

Valuation Marketing Marketing 52

Calculated Risk

AUGUST 2, 2023

Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. The dashed line is the July 2023 seasonally adjusted annual sales rate (SAAR). Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019. Click on graph for larger image.

Sales 98

Sales 98

Calculated Risk

MARCH 1, 2024

For recent loans, originated in 2009 through 2023 (98% of portfolio), 0.47% are seriously delinquent (unchanged from 0.47%). For Fannie, by vintage, for loans made in 2004 or earlier (1% of portfolio), 1.62% are seriously delinquent (down from 1.67% the previous month).

Portfolio 76

Portfolio 76

Advisor Perspectives

MARCH 9, 2023

This is a couple months past its release, but the latest Fed balance sheet shows a total net worth for households and nonprofit organizations that is 149% above the 2009 trough. The nominal Q4 2022 net worth is down up 2.0% from the previous quarter and down 2.7% year-over-year.

Nonprofit 72

Nonprofit 72

Calculated Risk

JULY 7, 2023

Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. The dashed line is the June 2023 seasonally adjusted annual sales rate (SAAR). Then heavy truck sales increased to a new all-time high of 570 thousand SAAR in April 2019. Click on graph for larger image.

Sales 98

Sales 98

The Big Picture

MARCH 15, 2023

New York Times ) Be sure to check out our Masters in Business interview this weekend with Rich Bernstein of Richard Bernstein Advisors (RBA), which was founded in 2009 and is running $14.6B But what he’s really after is human connection. (

Banking 282

Banking Food Startup Media 282