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GFD Blog

Wilt the Stilt Gets the Jilt

Global Financial Data has stock histories for over 50,000 securities. Some of these stocks cover centuries of data; others are quite short, lasting only a few months or even a few days. One of the most interesting of these is Wilt Chamberlain’s Restaurants, Inc. for which there are only two days of data.

Wilt the Stilt

Wilt Chamberlain was one of the greatest, some would argue the greatest, basketball players in history. He holds 71 NBA records, and he is the only person to score 100 points in a single game. He averaged more than 40 to 50 points per game in ...

Will a Scottish Pound Replace the British Pound?

On September 18, 2014, Scotland will vote on whether to remain part of the United Kingdom or leave. If Scotland were to vote for independence, they would have to decide whether to have a separate currency from England, the Scottish Pound, and whether to have their own central bank. Would England and an independent Scotland share a currency union with England possibly playing the role of Germany and Scotland that of Greece? Or would Scotland set up its own currency?Although it would be advantageous for Scotland to have a currency union with England, based upon the statements of political lead ...

Slobodan Milošević and the Collapse of Yugoslavia

In a previous blog, I documented the worst hyperinflation in history, which was suffered by Hungary in 1946. When Hungary finally converted from the Pengo to the Forint, it took 400,000 Quadrillion Pengö to get one Forint! Yugoslavia failed to beat Hungary’s record, but if Yugoslavia failed to win the gold in the Inflation Olympics, it wasn’t for lack of trying. You can probably blame one person, Slobodan Milošević for the collapse not only of the country’s currency and economy, but for the country itself.

A Socialist Country that Relied on the Market

Yugoslavia was an amalga ...

Three on a Match – the Death of the Leonardo of Larcenists

Ivar Kreuger was a financial genius, for better or for worse.

Kreuger was an industrial and financial genius who sought complete control over the operations of his global match conglomerate. At the height of his power, Kreuger ran a monopoly that controlled 75% of all global match sales. Kreuger succeeded, in part, by introducing innovations in finance that are still being used today, but which have also been used by companies such as Enron and others to deceive investors. His insatiable desire for complete control and the promises Kreuger made that couldn’t be kept led to the collap ...

Global Financial Data Adds 3000 Series from the NBER Database

Global Financial Data has added 3000 series from the National Bureau for Economic Research to the GFDatabase.

The National Bureau of Economic Research was founded in 1920 as a private, nonprofit, nonpartisan research organization dedicated to promoting a greater understanding of how the economy works. The NBER began collecting economic data in order to carry out their research. Most of this data was for the United States, but data was also collected for the United Kingdom, France, Germany and other countries. The data cover over 100 years of data from the 1870s to the 1970s.

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August 1914: When Global Stock Markets Closed

This week marks the hundredth anniversary of the beginning of World War I. On June 28, 1914, Austrian Archduke Franz Ferdinand was assassinated in Sarajevo. This event led to a month of failed diplomatic maneuvering between Austria-Hungary, Germany, France, Russia, and Britain which ended with the onset of the Great War, as it was originally called.

Austria-Hungary declared war on Serbia on July 28, causing Germany and Russia to mobilize their armies on July 30. When Russia offered to negotiate rather than demobilize their army, Germany declared war on Russia on August 1. Germany decla ...

American Tobacco and the Legacy of the Antitrust Laws

An original member of the 12 stocks that made up the original Dow Jones Industrial Average in 1896 ceased to exist last month, though few people noticed. General Electric Co. is the only one of the original 12 members that remains in the DJIA. The National Lead Co. (now NL Industries Inc.) and Laclede Gas Co. (now Laclede Group Holding Co.) were removed in 1916 and 1899 respectively. Other companies among the original 12, such as the United States Leather Co., American Spirits Manufacturing Co. and United States Cordage Co. disappeared long ago.

Beam, Inc. was acquired by Suntory Hol ...

Global Financial Data Adds 40 CAPE Ratios to the GFDatabase

Global Financial Data has added 40 CAPE Ratios to its database, primarily for OECD countries.

The CAPE Ratio is the cyclically-adjusted price-to-earnings ratio, also known as the Shiller P/E, which was developed by the Nobel Prize winning economist Robert Shiller. The CAPE Ratio is a moving average and is calculated as the price divided by the average of ten years of earnings. Graham and Dodd, in their classic book, Security Analysis, argued in favor of smoothing out P/E Ratios to avoid the volatility inherent in the ratio.

The CAPE Ratios for the United States have the most ...

Expansion of the GFDatabases

Global Financial Data has added 20,000 files covering 40 developed and developing OECD countries.

Over 2000 macroeconomic files relating to GDP, the balance of payments, and imports and exports have been added, covering sub-sectors of GDP, such as:
  • GDP Deflators
  • Exports of Goods and Services
  • Government Final Consumption
  • Fixed Capital Formation
  • Private Final Consumption
Also included are over 1700 files on the Balance of Payments, focusing on Current Account Debits, Credits and Balances and the Value of Goods for Imports, Exports and ...

ONE HUNDRED YEARS OF STOCK PRICE DATA

ONE HUNDRED YEARS OF STOCK PRICE DATA

NO EXCHANGE BIAS, NO SURVIVORSHIP BIAS

Global Financial Data now offers historical price data on common stocks for all stock exchanges in the United States since 1915. No other company provides such a comprehensive record of US Stocks encompassing regional exchanges such as the Boston, Chicago, Philadelphia or Los Angeles.

PROBLEMS IN EQUITY DATA

Inherent problems occur within traditional equity data feeds due to the existence of an exchange bias and the survivorship bias. Only GFD has researched, compiled, generated and produ ...

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