Today, January 30, 2009 ends a business month when a number of new records have been set for the American Economy. Unfortunately, none of them are ones we should feel proud of.
January 2009 is the first time in history that the State of
The last week of January saw over 100,000 job layoffs, after three prior weeks of big numbers. Total for the month – 363,000.
January marked the worst performance of the S & P 500 for a January ever, suffering close to a 10% loss for the month.
In January, the 2008 4th quarter gross domestic product figures were released. The GDP decreased by an annualized 3.8%, the largest decline in 26 years.
During January the Consumer Confidence Index (CCI) fell to an all time low of 37.7, the lowest since the measurement began in 1967.
In early January, the FDIC announced that all
Though tomorrow is the end of the month, I hope we have hit all these firsts that we are going to hit for a while.
Sam Thacker is a partner in Austin Texas based Business Finance Solutions.
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