On Black Monday, 30 years ago, the stock market plunged 508 points. At 22.6%, the dive was the worst ever in exchange history. Today, a 5,100 point drop in the Dow would have been an equivalent decline. So yes, we…
Financial Markets
Why the Twitter Predictor Was About Much More Than the Dow
Although one seven year old study indicates that Twitter sentiment could predict the Dow, a research replication attempt says no.
The Results of Warren Buffett’s Million Dollar Bet
With a Vanguard S&P Index fund competing against a group of hedge funds, a decade-long Warren Buffett bet for $1 million has just ended.
Throwback Thursday: When Wall Street Trading Was Slower
#TBT: Today we look back to how we used to trade stocks. Slower Trades Our story (sort of) starts 225 years ago on Wall Street with the origin of the New York Stock Exchange (NYSE). Gathering in coffeehouses or under…
Amazon Economics
Starting with Whole Foods, today’s Amazon economics lesson will include topics that range from Amazon’s acquisitions and innovations to their IPO.
Throwback Thursday: The Best Banking Regulation
Today’s #TBT will look back at the Glass-Steagall Act of 1933. But first… Financial Trust The Chicago Booth/Kellogg School Financial Trust Index is a trust yardstick. Answered by approximately one thousand participants, the Index survey touches topics that range from…
Why We Need Stock Markets
Whether looking under a buttonwood tree on Wall Street 225 years ago or at a contemporary African nation, we can see why we need new stock markets.
What We Can Learn From Big Mac Prices
Based on the January 2017 Big Mac Index, we can get the most burger for our buck in Egypt. At the equivalent of $1.46, an Egyptian Big Mac is less than one-third the $5.06 U.S. price. On the other hand, a Big Mac…
The Downside of a Greek Bailout
The Greek response to new bailout talks and more fiscal austerity ranged from a Scrooge Christmas card to a larger underground economy.
A Dodd-Frank Reality Check
Told there will be a Dodd-Frank review, we can imagine many thousands of pages of rules targeting consumers, financial firms and an entire financial system.