Help us end the fiscal year strong. Donate by June 30. Give Now
My Two Cents

What Recession?

Chris Farrell Sep 30, 2007

Every month I get a long list of return numbers from the investment boutique Aronson+Johnson+Ortiz. The latest rows of figures are all positive. Here are there comments:

Stocks up sharply in September, everything and everywhere

Large beat small and growth beat value, during the month and the quarter

International stocks remain hot; emerging markets are on fire

Markets near highs; year looks strong. August seems a distant memory, hmmm….

Now, giant financial institutions like Citigroup and UBS are writing off their subprime/credit crunch mistakes. I’ll also bet they’re taking advantage of this moment to get rid of little black mark on the books. It’s clean-up time. The credit squeeze is still on; but the credit crunch is fading.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.