The Past 5 Years Explained in 73 Headlines
Five years ago this week, I called Motley Fool editor Anand Chokkavelu on the phone. "So, Lehman Brothers just filed for bankruptcy," I said. Thus began the financial crisis and the worst recession in 80 years.
Here's what's happened next.
"," The New York Times, September 14, 2008
It wasn't alone ...
"," Reuters, September 16, 2008
The government came in ...
"," The Wall Street Journal, September 16, 2008
And pulled out all the stops ...
"," Telegraph, October 2, 2008
The pain began ...
"," CNNMoney, October 3, 2008
And markets panicked ...
"," Telegraph, October 6, 2008
Bringing volatility ...
"," The Washington Post, October 14, 2008
And a new face ...
"," CNNMoney, November 5, 2008
A few silver linings emerged ...
"," Toronto Star, November 21, 2008
But even more carnage came with it ...
"," AZ Central, December 1, 2008
The horror set in ...
"," The New York Times, December 5, 2008
The "d" word was used ...
"," ABC, December 7, 2008
Washington armed its weapons ...
"," Bloomberg, January 6, 2009
Others shook their heads ...
"Global Worries Over U.S. Stimulus Spending,"The New York Times, January 29, 2009
The stimulus began ...
"," The Wall Street Journal, February 18, 2009
From every direction ...
"," PBS, March 18, 2009
It didn't seem to help ...
"," USA TODAY, March 2, 2009
And Americans were getting crushed ...
"Housing Prices in 20 U.S. Cities Fall a Record 18.5%," Bloomberg, February 24, 2009
We realized this recession was different ...
"Job Losses Hint at Vast Remaking of Economy,"The New York Times, March 6, 2009
It didn't seem to end ....
"," The New York Times, April 3, 2009
Some wondered how far it could go ...
"George Soros says US banks 'basically insolvent'," Retuers, April 6, 2009
American icons dropped ...
"Chrysler files for bankruptcy," CNNMoney, May 1, 2009
And dropped ...
"," MarketWatch, June 1, 2009
We became comfortable with the "d" word ...
"," Huffington Post, May 8, 2009
Some saw a light at the end of the tunnel ...
"," The Daily Beast, April 17, 2009
Not everyone agreed ...
"," CNBC, June 24, 2009
But glimmers of hope arose ...
"," CBS, October 15, 2009
For some it was better than ever...
"," The Guardian, October 15, 2009
For others the pain was just beginning ...
"," CNNMoney, January 14, 2010
But the carnage appeared over ...
"," The New York Times, December 4, 2009
And we were reminded that good news still exists ...
"," CNN, January 28, 2010
The stimulus never ended ...
"," Toledo Blade, March 11, 2010
And the improvement became real ...
"," BusinessWeek, May 3, 2010
Jobs still lagged ...
"U.S. adds jobs but unemployment rate rises to 9.9%,"Philadelphia Business Journal, May 7, 2010
But Wall Street cheered ...
","MarketWatch, April 9, 2010
The pain spread across oceans ...
"," The Washington Post, February 9, 2010
As more change arrived ...
"Obama signs health care reform into law," Dallas Business Journal, March 23, 2010
A new crisis unfolded ....
"," CNNMoney, May 2, 2010
Computers crashed the party ...
"," May 5, 2010
While a new age of health care began ...
"," AP, July 21, 2010
And as Europe continued teetered ...
"," NPR, May 27, 2010
America found a new worry ...
"," CBS, April 27, 2010
Old names reemerged ...
"," MarketWatch, August 18, 2010
Just in time for a new downturn ...
"," Telegraph, July 30, 2010
Was this a new recession? ...
"Dow plunges below 10,000 amid bad news on euro and US jobs," CSM, June 4 2010
Maybe, but the financial crisis was over ...
"," Treasury says," LA Times, June 12, 2010
And the cheerleaders came out ...
"," White House, June 17, 2010
But the recession's scars couldn't be ignored ...
"," Economic Times, December 3, 2010
Political fights ensued ...
"," The Washington Post, December 17, 2010
But the market kept rallying ...
"Dow 12,000: Just Getting Going?," MarketWatch, January 26, 2011
The recovery seemed to heat up ...
"," The New York Times, March 4, 2011
Just in time for more political games ...
"," Bloomberg, April 15, 2011
And threats ...
"," Seattle Times, April 29, 2011
Led to consequences ...
"," Standard & Poor's, August 5, 2011
Markets panicked ...
"Dow plunges 512; worst 1-day action since 2008,"Albuquerque Business First, August 4, 2011
And the spotlight turned to Europe ...
"," Telegraph, August 7, 2011
The stimulus continued ...
"Federal Reserve launches Operation Twist," CNNMoney, September 22, 2011
Familiar business names continued to die off ...
"," Reuters, July 18, 2011
And a new asset captured Americans' imaginations ...
"," CNNMoney, August 23, 2011
Corporations were doing better than ever ...
"Companies near record profits amid high unemployment," Raw Story, August 1, 2011
For the most part ...
"," CNNMoney, September 9, 2011
Wall Street showed it still knows how to have a good time ...
"," Bloomberg, November 1, 2011
And not everyone was happy about it ...
"," LA Times, November 22, 2011
More Wall Street games continued ...
"," Bloomberg, February 14, 2012
As new icons were born ...
"," Politico, May 18, 2012
And as innovation flourished ...
"," The Wall Street Journal, September 18, 2011
So did the recovery ...
"," USA TODAY, October 19, 2012
Mother nature showed her anger ...
"," NPR, October 29, 2012
And Americans went to the polls ...
"," Reuters, November 7, 2012
Just in time for more political games ...
"," The Washington Post, November 2, 2012
But nothing could stop stocks ...
"," Washington Times, May 7, 2013
Or innovation ...
"," CNBC, August 26, 2013
And we end this story right where we started ...
"," Reuters, September 15, 2013
Check back every Tuesday and Friday for Morgan Housel's columns on finance and economics.
The article The Past 5 Years Explained in 73 Headlines originally appeared on Fool.com.
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