Loading...

GFD Blog

Cuban Capitalism?

Global Financial Data has the most extensive database on historical stocks available anywhere in the world.  GFD has collected data on stocks that listed on the London Stock Exchange from the 1600s until 2018.  London was the financial center of the world until World War I, and many companies in emerging markets listed their shares on the London Stock Exchange before a stock exchange even existed in their country. After World War I, many foreign companies listed on the New York Stock Exchange.  Using data from London and New York, we can calculate stock market indices for eme ...

The Collapse of the Creditanstalt Bank

Although few people realize it, the Great Depression hit Europe when the Creditanstalt bank of Vienna collapsed in May 1931 and began a domino effect that spread to the rest of Europe. The collapse of the Creditanstalt is seen as the trigger to the great deflationary spiral in Europe between 1931 and 1933. The reason for the impact of the Creditanstalt on Germany and the rest of Europe was that it not only was the largest bank in Austria, but it was larger than all the rest of the banks in Austria put together. The bank had ties to the rest of Europe and the collapse of the Creditanstalt le ...

Is it Over Yet? The Current Bear Market and GFD’s Alternative Indicators

Most global markets are in a bear market.  The main question everyone is asking is whether the bear market will continue in 2019 and hit new lows, or whether the stock market will find a bottom and start to move up again.  Last year, we were optimistic that markets were in a bull market, but our hopes were quickly dashed.  Many European markets hit market tops at the end of January, and the rest of the world slid into a bear market after Labor Day.  It was hoped that the September-October decline would turn around at the end of the year, but December was the worst Decemb ...

Are We Headed for a Second Great Reversal?

Global Financial Data has added Share Value Indices for over 90 global markets with over a century of data for major countries.  Share value indices allow analysts to determine how the number of shares outstanding has changed over time in order that they can differentiate between changes in price as a source of changes in market capitalization and changes in the number of shares outstanding in market capitalization.

Market capitalization is calculated by multiplying the price of shares by the number of shares outstanding.  The number of shares outstanding can increase as ...