United States
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| By |
Joseph G. Carson
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Senior Vice President and Director—Global Economic Research
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After deep recessions, gains in jobs, wages and salary income
are needed to stabilize and sustain the new economic cycle. We
believe that the current spike in US unemployment has been
driven by a combination of cyclical and noncyclical factors that
are not incongruous with a durable economic recovery. 11/16/2009
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Research
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Evidence is growing that the global economy is beginning to recover, but the journey back from the depths of the recession will take time. 11/2/2009
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The US Department of the Treasury has selected AllianceBernstein as one of nine pre-qualified fund managers in its Public-Private Investment Program (PPIP). Under the program, AllianceBernstein will partner with the Treasury—which will be a co-investor and will provide various leverage options for PPIP funds—to create a Public-Private Investment Fund (PPIF) which will invest in distressed “legacy securities” that are clogging the balance sheets of many financial institutions. 7/8/2009
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The US Treasury Department has chosen AllianceBernstein to help manage its portfolio of assets issued by banks and other institutions taking part in the Capital Purchase Program (CPP) and other programs of the Troubled Assets Relief Program (TARP). These programs are part of the Emergency Economic Stabilization Act of 2008, which seeks to restore financial stability and ensure the flow of capital to consumers and businesses so that these institutions can ultimately attract both private and public capital. 4/22/2009
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As
of
11/19/2009
Class A @ NAV
|
YTD |
1 Yr. |
3 Yrs. |
5 Yrs. |
10 Yrs. * |
 |
|
|
18.75
|
6.85
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-13.29
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-3.01
|
0.64
|
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|
36.47
|
37.13
|
0.99
|
4.16
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-3.62
|
![]() |
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28.44
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21.75
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-2.92
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2.76
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4.16
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33.69
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24.43
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-12.47
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1.62
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6.27
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23.60
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27.30
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7.24
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7.60
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8.77
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* or Since Inception
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