Some quick facts for the week:
The S&P 500 is up over 51% through last Friday since its Bear Market low of 677 on 3/9/09.
Only 29% of Americans think they will return to their pre-recession spending habits when the current recession ends. It began in December of 2007.
61% of the residential mortgage-backed securities issued from 2005-2007 rated AAA by Standard and Poor’s have been downgraded to BBB or lower.
The last time the Fed raised interest rates was over 3 years ago on 6/29/06.
Detroit’s unemployment rate is near 17% while the national unemployment rate is 9.8%.
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