Bonds and Stocks
U.S. Stock Market Performance in Different Presidencies
September 22, 2008
One of the most visited posts on this site was an article on August 19th comparing how the U.S. economy performed when the president was a Republican to when the person was a Democrat. That blog post took a very aggregated view, synthesizing the 47-2/3rds years since 1961 into three presidential periods, the twenty years […] More
Larry's Blog
Call it Money Laundering
September 22, 2008
Haggling has set in over the details and advisability of the $700 billion proposed comprehensive buy-up of bad financial market debts, and it shows in today’s market judgements of “sell the dollar,” “buy commodities,” “stay away from money market funds” and “sell securities.” Oil and gold are around 20% above recent lows, and the euro […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Few Details Emerge About U.S. Bank Rescue Plan
September 22, 2008
Goldman Sachs and Morgan Stanley are converting to bank holding companies subject to Fed regulations, ending investment bank era. Scant details of a U.S. $700 billion rescue plan to buy and dispatch bad assets emerged over the weekend. Hedge funds to be excluded. Treasury to request debt ceiling increase. Total taxpayer commitments including prior rescues […] More
