“Global financial crisis in December 2008”的意思、由来-开放百科全书

On December 1, the National Bureau of Economic Research officially declared that the U.S. economy had entered recession in December 2007, a full year earlier.^[1] (See late 2000s recession)

The Labor Department said that the US lost 533,000 jobs in November 2008, the biggest monthly loss since 1974. This raised the unemployment rate from 6.5% to 6.7%.

On December 9, the Bank of Canada lowered its key interest rate by 0.75% to 1.5%, the lowest it had been since 1958; at the same time the Bank officially announced that Canada's economy was in recession.^[2] This move came after the news that Canada lost 70,600 jobs in the month of November, the most since 1982.^[3] The official Bank of Canada press release stated that "[the] outlook for the world economy has deteriorated significantly and the global recession will be broader and deeper than previously anticipated."^[4]

On December 11, the FBI announced the arrest of Bernard Madoff in a Ponzi scheme which totaled $50 billion by Madoff's own estimate, and which was soon found to affect banks, individuals, and charities in the U.S. and Europe. ^[5]

Events

After 5 positive days, on December 1 the S&P 500 fell 80 points to 816, down 9%. Financial stocks in the S&P 500 fell 17%. The Dow Jones Industrial Average closed at 8149 with a drop of 679 points 7.7% down. Oil fell below $50 a barrel in New York Trading.^[6] The General Accounting Office released a report that claims that the Oversight of the Troubled Assets Relief Program requires additional actions to ensure "integrity, accountability, and transparency". ([https://www.washingtonpost.com/wp-dyn/content/story/2008/12/02/ST2008120202264.html Washington Post]) ([https://www.bloomberg.com/apps/news?pid=20601087&sid=anhPjOa1i4i8&refer=home bloomberg.com]) ([https://www.wsj.com/articles/SB122824907384873263?mod=googlenews_wsj Wall Street Journal]) (CNN Money)

On December 22, US industry leaders asked the Federal Reserve for assistance un-freezing the commercial real estate market, which has not securitized any loans in the last six months of 2008.^[7]

See also

References

1. ^{{cite news | url=https://www.nytimes.com/2008/12/02/business/02markets.html | title=It’s Official: Recession Started One Year Ago | publisher=The New York Times | date=2008-12-01 | accessdate=2008-12-01 | first=Michael M. | last=Grynbaum |author2=David Jolly}}
2. ^[https://www.google.com/hostednews/canadianpress/article/ALeqM5ia5C99Ii_uqnHOU7Jladal5X55qA ] {{webarchive |url=https://web.archive.org/web/20081217012645/https://www.google.com/hostednews/canadianpress/article/ALeqM5ia5C99Ii_uqnHOU7Jladal5X55qA |date=December 17, 2008 }}
3. ^{{cite news|first=Tavia |last=Grant |url=http://business.theglobeandmail.com/servlet/story/RTGAM.20081209.wmanpower1208/BNStory/Business/home |title=Canadian job cuts looming |publisher=Globe and Mail |date=2008-12-09 |accessdate=2009-01-12}}
4. ^{{cite press release|url=http://www.bankofcanada.ca/en/fixed-dates/2008/rate_091208.html |title=Bank of Canada lowers overnight rate 2008 |location=OTTAWA |publisher=Bank of Canada |date=2008-12-09 |accessdate=2009-01-12}}
5. ^Continually updated list of banks, individuals, and charities which claim losses due to Madoff at The New York Times Retrieved January 24, 2009 {{webarchive|url=https://web.archive.org/web/20090403054455/http://projects.nytimes.com//creditcrisis//madoff_clients//table |date=April 3, 2009 }}
6. ^{{cite news | url=https://www.nytimes.com/2008/12/02/business/02markets.html | title=Cheer Fades as Stocks Plunge 9% | publisher=The New York Times | date=2008-12-01 | accessdate=2008-12-01 | first=Michael M. | last=Grynbaum }}
7. ^[https://www.npr.org/templates/story/story.php?storyId=98610618 Commercial Properties Seek Federal Bailout]

Reports of economic activity

Events

See also

References