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GFD Blog

World GDP and Purchasing Managers Indices Added

Global Financial Data has added new data for GDP, including measures for Global GDP, regional GDP and data on several countries not previously covered. GFD has also added data on the Purchasing Managers’ Index for 50 countries.

GFD users now have access to a global measure of GDP, both in real and nominal terms, which they can use as a benchmark against the GDP other countries and regions. The nominal World GDP file (GDPWLD) goes back to 1960 and the Real World GDP file (GDPCWLD) goes back to 1950. Both files have 20 years of quarterly data.In addition to this, GDP files based upon ...

GFD Adds 100 years of Data on over 9000 Industrial OTC Companies to the U.S. Stocks Database

After five years of painstaking research, Global Financial Data is proud to announce that its database of thousands of over-the-counter (OTC) stocks has been completed and is now available to subscribers to the United States Stocks Database.

The US Stocks Database already provides data from all the nation’s stock exchanges, including the New York Stock Exchange from its inception in 1792, the AMEX/Curb since 1918, as well as Boston, Philadelphia, Chicago and other regional exchanges. The addition of the OTC data has completed Global Financial Data’s efforts to provide a complete view ...

The Death of Equities

Equity markets across the world continue to struggle. The indices of most developed countries remain below the level they were at in 2000 when the 20th century ended. Many investors are worried that stocks will continue to provide inferior returns for years to come. Unfortunately, they may be right.

Historical Returns to Stocks and Bonds

Equities reflect the present value of future earnings and free cash flow to a corporation. If investors anticipate that future earnings will rise, stock prices rise, but if investors anticipate a decline in future profits, share prices wil ...

The Panic of 1792

The first attempt at a stock corner in the United States came at the birth of the American stock market, occurring even before the New York Stock Exchange had been established. Instead, it occurred in trading at Philadelphia. In 1792, Philadelphia was both the capitol and the financial center of the United States. Consequently, it is not surprising that politics and finance intermixed to create the nation’s first financial panic and the first time the government stepped in to save the markets from themselves.

Alexander Hamilton and the Bank of the United States

Alexander Hamil ...

Jacob Little and the First Stock Corner

Jacob Little was the first and one of the greatest speculators on Wall Street. He engineered the first successful stock corner on the New York Stock Exchange in 1835, and was known as “Ursa Major,” or “the Great Bear of Wall Street.” Like any bear, he was loathed by the bulls, but through his stock operations, he became one of the richest men in the United States. Although Little is now mostly forgotten, his speculative expertise laid the foundation for Jay Gould, Daniel Drew, Jesse Livermore and others who followed in his footsteps.

Jacob Little was born in 1794. His father was a man ...

Eddie Gilbert: The Boy Wonder of Wall Street

Eddie Gilbert died on December 23, 2015, four days shy of his ninety-third birthday, though few people outside of Albuquerque, noticed his passing.

This is surprising. Gilbert was once known as the “boy wonder of Wall Street” for his successful stock market trading and his takeover of E.L. Bruce in which he created the last corner on a U.S. Exchange. Gilbert also went to prison twice, was friends with Jack Kerouac, John Dos Passos and other luminaries, made and lost fortunes, and finally succeeded with his real estate business in New Mexico, becoming a multi-millionaire. Despite havin ...

Are the Markets Up A Creek?

This year started weak. So weak in fact that the first ten trading days of January were the worst in US history. The television is rife with talking heads exuberant over who they can point the finger at. “Oil,” one shouted. “Tech,” said another. A third bemoaned turbulence on the other side of the pond in European banks staring down a dry well of capital. Lastly, on February 10, 2016, Janet Yellen, the Chairman of the Board of Governors of the Federal Reserve Bank, faces tough questions from the White House on Capitol Hill, discussing the condition of the economy and interest rate hikes.

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The Piggly Crisis

The next time you go to the grocery store, pull out a shopping basket and walk down the aisles, you should think about the fact that the modern grocery store is a result of the innovations of one man: Clarence Saunders.

Saunders’ Self-Shopping Innovation

Until the 1920s, customers did not pick up their own groceries. Instead, they went to clerks who stood behind a counter and put together their purchases for them. Think of the way an old country store was set up.Saunders was obsessed with the idea of efficiency, and thought that customers wasted a lot of time waiting on cler ...

The Perpetuities that are No Longer Perpetual

At the beginning of 2015, the British government had £2.59 billion in undated securities outstanding, representing about 0.23% of the British government’s gilt portfolio. These bonds had no set redemption date, but could be redeemed with three months’ notice. In theory, the gilts could have existed forever.

These securities had originally been issued between 1853 and 1946 and replaced securities that originated back in the 1700s. Unfortunately, they are no more. The last undated gilt, also referred to as a perpetuity because it had no redemption date, was called in by the British gove ...

Biddle’s Bank

“I sincerely believe, with you, that banking institutions are more dangerous than standing armies.” – Thomas Jefferson

At the end of the Bush administration’s time in office, the government, to the chagrin of some and applause of others, instigated one of the biggest bail outs in history. In 2009 the Obama administration continued Bush’s policies in this regard, however, they hoped they’d use the government’s generosity as leverage over the banking industry, arguing for lower bonuses and concessions on increased transparency and regulation. Fast forward ...

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