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GFD Blog

World Bank Data Added to GFDatabase

Global Financial Data is proud to announce the addition of almost 40,000 files that our subscribers can now access. The source of the data is the World Bank, which has made their data archives available to all users. These files cover every country in the world, and a wealth of topics from the environment to the economy. All the data files are annual with some providing data back to 1960.

Global Financial Data has gone through these series and chosen the ones that would be most useful to our subscribers. The focus has been on choosing series that provide long-term data and suppleme ...

FEDPRESSION: BOND RATES REVISIT WORLD WAR II LEVELS

Yields on United States 10-year bonds rose above 3% at the beginning of January 2014. The yield on the 10-year had reached its lowest point in history in July 2012 at 1.43% as a result of the Fed’s policy of Quantitative Easing. Since then yields have doubled as markets have incorporated expectations of Fed tapering the purchase of U.S. Government securities.

$12,000 Mortgage Payments Anyone?

What will happen in the United States when tapering and quantitative easing come to an end? How high could interest rates rise? Could interest rates move up from 3% per annum to 3% p ...

The January Effect

We are about half way through January and many analysts, investors and market enthusiasts are wondering which way that markets are headed. Typically, the markets go through the “January Effect” which is a general increase in stock prices during the month of January. This rally is generally attributed to an increase in buying, which follows the drop in price that typically happens in December when investors, seeking to create tax losses to offset capital gains, prompt a sell-off. For 2014, this move has been less evident, as a matter of fact, the markets have been flat for the US and Europe (ex ...

The Piranha of Portugal: The Greatest Counterfeiter of All Time

The new US $100 bill is out, as you may have seen this holiday season. Our dear old Uncle Ben is a technological wonder with a dozen different anti-counterfeiting devices on it. Since there are more $100 bills circulating outside of the United States than inside, the U.S. Government has to insure that counterfeiters are unable to replicate the government’s most treasured export. This raises the question, who was the greatest counterfeiter of all time?

Government Counterfeiting

Although governments have done more to destroy their own currencies than all the counterfeiters in th ...

BIRDS, BOATS AND BONDS IN VENICE: THE FIRST AAA GOVERNMENT ISSUE

When most people think of Venice, they think of the visuals of Venice: the canals, the gondoliers, the paintings by famous artists such as Canaletto or Titian, the Bienniale, or St Mark’s Square (named after the saint whose relics the Venetians stole from Alexandria in 828 by hiding them beneath pork to get them past the Muslim inspectors) and its pestering pigeons.

BIRDS, BOATS AND BONDS

When I think of Venice, I think about three things. I think about the first time I went to Europe with my dad. For an entire week before we got to Venice, all I heard about was his insistence ...

The Bernie Madoff of the 1800s and His Perpetual Money Motion Machine

Would you have liked to have invested in the greatest invention of all time? A machine that almost revolutionized the world and could have provided cheap, efficient energy to mankind for centuries to come! Then John Keely had the machine for you. Once perfected, the “hydro-pneumatic pulsating vacuo-motor engine” would have been used by every person in the world and would have made you rich. If you wanted to profit from the opportunity of a lifetime, then you should have invested in the Keely Motor Company. Unfortunately, the company no longer exists since Keely died in 1898. While Keely ...

Man Jailed for Charging 35 Cents but Market Skyrockets 15%

Under the Affordable Care Act, you must have health insurance, or pay a fine. But what if you were arrested or jailed if you did not comply with the healthcare reform law? The website for the Affordable Care Act is now up and running again so Americans can enroll for health insurance. Obama has had problems making the Affordable Care Act a reality during the past few weeks. Millions of Americans have found out that their health care has been cancelled, despite promises to the contrary, because their plans didn’t meet the standards of the Affordable Care Act, and millions more have seen large ...

Whisky Dividends Anyone?

In 1933, a precedent was set for paying whisky as a dividend on common stock. As I have discussed in an earlier blog, entitled The Famous Whiskey Dividend, companies can invent creative ways to pay out dividends. In fact, when the going gets tough, the tough go drinking.

After Prohibition was repealed in 1933, National Distillers Products Corporation distributed a dividend of one case of whiskey for each five shares that were owned. This pulled out the stops with paying dividends. Twenty years later, Park & Tilford provided a more sobering saga.

PUMP AND DUMP

Origi ...

The Fiftieth Anniversary of JFK and the Great Salad Oil Swindle

Fifty years ago, John F. Kennedy was assassinated on Friday, November 22, 1963 in Dallas, Texas. The assassination not only shocked the nation, but shook the stock market as well. However, very few people have heard about The Great Salad Oil Swindle which nearly crippled the New York Stock Exchange that weekend. Officials at the NYSE took advantage of the closure of the exchange to keep the crisis caused by the swindle from spreading further. Here is what happened at the NYSE while the nation focused on the President’s funeral.

Salad Oil, Cornered and Quartered

The Great Sal ...

The Happiest Shareholders on Earth—Disney Shareholders!

Invest $1 in 1948 and have $48,000 today! With the recent IPOs of Twitter and Facebook, two of the largest social/entertainment media giants, one would imagine that investing in those companies would pay big compared to the Walt Disney Co. However, the Walt Disney Co. outperformed them both by comparison in its day, and did it with an interesting story to tell.

Today, employees and venture capitalists reap most of the benefits before the company IPOs on the New York Stock Exchange (NYSE) or NASDAQ , but it wasn’t always this way. In the past, most companies traded over-the counter for ...

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