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My Discussion with Treasury Secretary Timothy Geithner
by Tom Graff, Managing Director December 31, 2009
On November 2, I had the opportunity to join seven other informal financial writers in a round-table discussion at the U.S. Treasury Department. I was invited in regards to by work on TheStreet.com. Several senior Treasury officials attended, including Secretary Geithner. The purpose of the meeting, initiated by the Treasury, was to improve access to their department for non-traditional writers. There were no presentations or opening remarks. It was simply an open discussion of whatever topics the small group, most of which were also financial professionals, wished to address. Read more here.
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The 2000s - The Times That Tried the Investors' Souls
by Taylor Graff, Senior Associate
January 1, 2010
It is difficult to remember that this past decade began with unparalleled optimism. Globalization, increased productivity from technology, and capable monetary policymakers had combined to create the “Great Moderation” in economic volatility. For nearly 20 years, interest rates were falling, inflation was moderating, the dollar was steady, and the U.S. economy and stock market had experienced unprecedented and consistent growth. Financial markets were boring, pleasantly boring.
But all good things must come to an end and the end was not pretty for financial markets. This decade experienced two brutal bubbles – technology stocks and housing. Each caused a recession and a severe bear market in U.S. equities and credit. Overall, the U.S. stock market had its worst decade since the Civil War.
Click here for a full analysis of the decade’s biggest stories in the financial markets, including a timeline of events, and a historic look at the first decade of the 21st century. |