Of all the industries hit hard by the housing crash, finance is potentially the most affected. Not only were the biggest banks forced to go to the federal government, hat in hand, but the housing market and the home loans and mortgage business that goes with it was crippled.
However, from every valley there's a path back to a hilltop, and the last five years appear to have been just that for the financial industry, culminating with a booming stock market in 2013 and a housing market appearing to finally emerge from its long deep freeze. While market uncertainty is certainly a concern at the start of 2014, the financial world doesn't appear headed for times as bad as 2008 for the foreseeable future.
This infographic from adeccousa.com created this infographic to display some of the data showing just how significant that bounce back has been.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer