Magazine March 25, 2019, Issue

Did the Financial Crisis End?

We might suffer yet from side effects of the Fed’s powerful monetary medicine

At first glance, the headline may seem like a silly question. The stock market bottomed in March 2009 at approximately 6,500 in the Dow Jones Industrial Average and today sits right around 25,000. Unemployment exceeded 10 percent at the bottom of the crisis yet today sits at a 50-year low of 3.9 percent. In less than a decade, the conversation has shifted from concerns about an inadequate number of positions for a growing supply of unemployed workers to concerns about unfilled positions and an inadequate supply of laborers. Corporate earnings of S&P 500 companies were below $50 per share in

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Special Financial Section

Books, Arts & Manners




Readers write in about the career options a military background builds, as well as the trouble with building anything in California.
The Week

The Week

Call us old-fashioned, but we don’t believe in standing by and saying nothing when women get beaten by men, even in track and field.


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