Dr. Bryan Taylor

President and Chief Economist for Global Financial Data

Dr. Bryan Taylor received his Ph.D. from Claremont Graduate University in Economics writing about the economics of the arts. He has taught both economics and finance at numerous universities in southern California and in Switzerland. He began putting together the Global Financial Database in 1990, collecting and transcribing financial and economic data from historical archives around the world. Dr. Taylor has published numerous articles and blogs based upon the Global Financial Database, the GFD Equities and the GFD Indices. Dr. Taylor’s research has uncovered previously unknown aspects of financial history. He has written two books on financial history.

  

Articles by Dr Taylor

25 years ago: November 1995 S&P 500: 605.37 (vs. 3550.50 in 11/2020) 10-year U.S. Government Bond Yield: 5.76% (vs. 0.96% in 11/2020) Gold: $387.80 (vs. $1940.80 in 11/2020) Oil: $18.255...

Today there are only two stock exchanges in the United States, the New York Stock Exchange (NYSE) and the NASDAQ.  The NYSE Amex LLC is owned by the NYSE.  This wasn’t the case 225 years...

The United States stock market has broken to new highs in January 2020, continuing a bull market that began in March 2009.  The S&P 500 has risen 382% since March 2009 and is approaching...

Argentina is one of the most interesting countries among emerging markets. Argentina was one of the ten richest countries in the world in the 1920s, but now doesn’t even make the top 50. Argentina...

The AMEX has generally been ignored by investors, but this article attempts to redress that neglect.

This is the third in a series of blogs we are writing about global bear markets that have occurred over the past 400 years.  Global Financial Data has calculated a World Stock Index that covers...

GFD has calculated a global index of stocks that begins in 1602 and continues until the present. With this index, we can track the changes in global stock markets over the past 400 years. In...

Most people know the basic story of the French Revolution.  France’s aid to the United States indebted the nation leading to new taxes that fed a revolt against the king and the aristocracy. The...

The 2020s have begun.  During the 2010s, the fixed-income market has done things no one would have predicted when the 2010s began ten years ago.  The most important feature of the past decade has...

Co-Authored by Michelle Kangas & Dr. Bryan Taylor   Warrant Buffett once said that the stock market capitalization to GDP Ratio (MC/GDP) is “probably the best measure of where valuations stand...

Global Financial Data has added over 600 files to its database that provide data on government revenues, government expenditures, the primary balance, interest paid on public debt and the amount of...

Global Financial Data has added 50 new Money Supply files. With these additions, the GFDatabase now includes data on the Money Supply from over 100 countries. You can find these files by going to...

GFD had minor release to our live site and data set on 5/17/2019. See below for details on the changes 1. GFD did our annual review and went back to the data published on central bank websites to...

Everyone hates Covid-19 and the way it has disrupted our lives.  The Covid pandemic has shut down the world and led to the layoff of millions of workers.  Unemployment has soared, GDP has...

The S&P 500 reached new highs last week causing some analysts to call this the fastest recovery from a bear market in history; however, this shows that many analysts are not looking at the whole...

Goodbye to an Original DJIA MemberExxonMobil had been in the DJIA longer than any other stock, having been added on October 1, 1928.

The Dow Jones Transportation Average has been calculated on a real-time basis longer than any stock market index in the world.

Two people who tried to answer this question were Yale Hirsch and David Schwartz.  Both of them made an extensive analysis of temporal patterns in the stock market to determine whether you were...

  The Dow Jones Industrial Average (DJIA) is one of the three key indices that are used to follow the United States Stock Market.  Although it includes only 30 stocks and is an average of stock...

  Not only did the Covid Crisis send stocks tumbling in March throughout the world, but it also created some of the worst monthly performances for the month of March in stock market history.  It is...

  So far the coronavirus has given investors a wild ride during the first half of the year.  Virtually every stock market in the world declined in value during the first quarter of 2020 and...

  25 years ago: August 1995 S&P 500: 561.88 (vs. 3351.28 in 08/2020) 10-year U.S. Government Bond Yield: 6.28% (vs. 0.57% in 08/2020) Gold: $382.35 (vs. $2067.15 in 08/2020) Oil: $17.895 (vs....

Dr. Bryan Taylor, President and Cheif Economist for Global Financial Data, speaks with KPCW, Mountain Money about the impacts the Spanish Flu had on the stock market in 1918 and how we can look...

Everyone is concerned about the coronavirus and how it is impacting the global economy.  Parts of China have been quarantined to prevent the spread of the virus and the world is wondering how...

Global Financial Data tracks bull and bear markets in over 100 stock markets.  We have calculated when bull and bear markets have begun and ended throughout the world beginning in 1602. We have...

The equity-risk premium (ERP) is one of the most important variables in finance. It tells investors how much a risky investment such as stocks returns relative to a risk-free investment such as...

25 years ago: January 1995 S&P 500: 470.42 (vs. 3253.05 in 01/2020) 10-year U.S. Government Bond Yield: 7.60% (vs. 1.85% in 01/2020) Gold: $374.90 (vs. $1571.95 in 01/2020) Oil: $18.405 (vs....

The Great Bull Market of 2009 to 2019 continues to push the stock market to new highs.  The capitalization of the New York Stock Exchange and NASDAQ is now about $37.5 trillion which is equal...

25 years ago: December 1994 S&P 500: 459.27 (vs. 3132.52 in 12/2019) 10-year U.S. Government Bond Yield: 7.84% (vs. 1.85% in 12/2019) Gold: $383.25 (vs. $1461.70 in 12/2019) Oil: $17.765...

The Global Financial Database has more equity history for India than for any other country.  The British East India Co. was founded on December 31, 1600, preceding the founding of the Dutch East...

Mexico has been struggling to develop its economy since Spain invaded Mexico in 1521 and it gained its independence in 1821.  When Mexico was a colony, Spain relied upon exports of silver to...

Financial markets have evolved over time. The relationship between stocks and bonds differed in each of the eras that Global Financial Data has created to differentiate the behavior of financial...

The stock market declined 3% on August 14, 2019 because of the prospect that the yield curve was close to inverting between the 2-year note and the 10-year bond.  Historically, when the yield on...

Bear markets are clearly defined: a decline of 20% or more in an equity market constitutes a bear market.  By this definition, the United States had 18 bear markets in the 1900s.  But what is a...

During the 1800s, the transport and finance sectors represented the majority of the stock market capitalization in the United Kingdom.  As Figure 1 shows, in 1800, finance represented about 90% of...

The House of Representatives has begun an inquiry into impeaching President Trump.  This will make Trump only the fourth President to face an impeachment inquiry.  Andrew Johnson was impeached in...

Argentina just suffered one of the worst one-day declines in global stock market history.  The current President of Argentina, Mauricio Macri, suffered a worse defeat in primary elections than was...

Brazil went through an economic bubble in the 1880s that burst in the 1890s during the first Brazilian military dictatorship.  Two finance ministers in Brazil adopted a policy of unrestricted...

The Panic of 1857 was one of the first global panics in financial history.  The failure of the Ohio Life Insurance and Trust Co. of Cincinnati, Ohio precipitated a world-wide panic that would last...

Global financial Data has calculated an index for Emerging Markets that far precedes any indices that are currently available. MSCI’s emerging market index begins in 1987. GFD’s Emerging Market...

Global Financial Data has added a number of sectors to its collection of S&P Sector Indices for the S&P 500 Composite, S&P 400 Midcap, S&P 600 Small Cap and S&P 1500...

GFD has calculated a global index of stocks that begins in 1602 and continues until the present. With this index, we can track the changes in global stock markets over the past 400 years, determine...

At about $1 trillion, Brazil’s stock market is among the twenty largest stock markets in the world, equal to about half of the country’s GDP. The first stock exchange opened in Brazil in 1817, the...

Global Financial Data has added over 30 new Consumer Price and Producer Price Indices to its database as well as 25 new Unemployment Rates.

Canada has one of the ten largest markets in the world. With a capitalization of over $2 trillion and over 3300 listed companies, and many of its companies listed in New York, Canadian companies...

Global Financial Data has collected data on companies from South Africa that listed in London during the 1800s and 1900s. Between 1835 and 1985, over 400 South African companies listed in London....

Global Financial Data has collected centuries of data on interest rates. We wanted to highlight two data sets from the GFD Indices that cover government bond yields from 1285 to 2019 and that cover...

Global Financial Data has generated indices on the United States and the World Index excluding the United States since 1792. This enables us to compare the performance of stocks in the United States...

  GFD is revising its stock index for Australia because it can now use data on Australian shares that were listed in London to supplement the data that already exists from Sydney and other...

We know that the worst bear market in United States history occurred between 1929 and 1932 when the S&P Composite fell 86%, returning the stock market back to levels it hadn’t seen since the...

Global Financial Data has calculated a 100-share index that is more comprehensive than existing long-term indices of the United States stock market.  GFD has collected historical data on U.S....

The Wilshire 5000 is the broadest index in the United States covering every stock that is listed on the New York Stock Exchange, NASDAQ and the NYSE AMEX.  When the Index was launched back in...

Global Financial Data has put together a unique collection of alternative data indices that chart the performance of stocks in dozens of different countries around the world.  The first company for...

Global Financial Data has added the UK-100 Index to its family of GFD Indices. The UK-100 index (GFUK100MPD) provides a DAILY index of stocks from the London Stock Exchange that begins in 1692 and...

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...

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...

  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...

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...

Global Financial Data has the most extensive collection of CAPE Ratios available anywhere.  Our CAPE Ratios cover over 50 countries and the CAPE Ratio for the United States begins in 1841, 40...

Global Financial Data has the most extensive database on historical stocks available anywhere.  In particular, we have collected data on stocks that listed on the London Stock Exchange from the...

Though few people have heard about the collapse of the Hatry Group of companies in September 1929, some people have claimed that it triggered the New York stock market crash of October 1929...

Global Financial Data has produced indices that cover global markets from 1601 until 2018.  In organizing this data, we have discovered that the history of the stock market over the past 400 years...

Global Financial Data has produced indices that cover global markets from 1601 until 1815 as a first step toward creating a World Index that provides data on equities from 1601 until 2018.  As we...

  Global Financial Data has produced indices that cover global markets from 1601 until 2018.  In organizing this data, we have discovered that the history of the stock market over the past...

GFD's 100-share Index Existing calculations of long-term stock market returns in the United States are based upon four primary sources: Smith and Cole (1803-1862), Macaulay (1857-1871) Cowles...

This month the world is marking the 100th anniversary of the end of World War I which officially ended at 11 am on November 11, 1918.  Few people, however, have talked about the impact of the...

There are several people who have lost over $1 billion in the markets, with two people, Bruno Iksil and Howie Hubler alleged to have lost $9 billion, but I know of only one person who managed to...

One of the questions I hear from customers is how to find a particular file among the 150,000 files that are included in the GFDatabase. Is there any shortcut or rule of thumb I can use to find...

We recently wrote a blog on Tom Moore’s Distillery which along with Park and Tilford and the National Distillers Products Corp. paid dividends in whiskey to their shareholders. Companies are not...

Sears Holding Co. filed for protection under Chapter 11 bankruptcy on October 15, 2018 to avoid a $134 million debt payment.  Thus, an American icon which issued its first catalog in 1887 and...

Although most dividends are paid in cash, companies are free to provide their shareholders with any type of dividend they want, including shares of stock or dividends in kind.  Although the people...

S&P Global and MSCI are making some major changes in the GICS sectors which will be enacted at the end of September.  Under the old GICS, Telecommunications was one of the 11 GICS sectors...

With Jack Ma predicting that the trade wars between the United States and China could go on for another 20 years, Global Financial Data has added data on tariffs so our customers can analyze...

The Vereenigde Oost-Indische Compagnie (VOC), or the United East India Company, was not only the first multinational corporation to exist, but also probably the largest corporation in size in...

Because of the breadth of data that Global Financial Data provides in its UK and US Stock Database, providing data from 1601 to 2018, GFD runs into problems of coverage that no other database...

Global Financial Data has revised its sector and industry classification system and has added comparison with the GICS and SIC classification system to help users understand the differences between...

Global Financial Data has collected extensive data on stocks from the United States and the United Kingdom covering over 400 years.  With this, GFD plans to generate indices that cover the history...

  On September 1, 2017 two of the giants of the chemical industry, Dow Chemical Corp. and E.I. du Pont de Nemours & Co. merged to form DowDuPont Inc.  The new corporation is a holding...

When Standard and Poor’s introduced the S&P 500 index in March 1957, it revolutionized the index world and created a benchmark for the stock market that is still used today. The original...

Canada has an interesting stock market history because in addition to its stock exchanges in Montreal and Toronto, shares in Canadian companies also traded in London and New York. Canada was a...

In previous articles, we have traced the growth in the market capitalization of shares in the world back to 1900 and in the United States back to 1791. This article traces the trends in both the...

Many people believe that Abraham Lincoln was the greatest President of the United States. Not only did his steadfast leadership help the United States to survive the Civil War, but as President he...

Dow Jones announced that General Electric (GE) will be removed from the Dow Jones Industrial Average (DJIA) and replaced by Walgreens Boots Alliance Inc. The reason provided for removing GE was its...

Many investors are showing an interest in Environmental, Social and Governance (ESG) funds because some researchers believe that these types of funds may offer long-term performance advantages...

The graph below illustrates the history of global stock markets by capitalization from 1900 to 2018. The graph uses the World Federation of Exchanges definitions and divides the world into three...

When people talk about the stock market crash of 1929 and the 90% decline in U.S. stocks between 1929 and 1933, most of the focus of this rollercoaster ride falls on the industrial stocks, such...

Global Financial Data has put together several data series that enable us to track the capitalization of the world’s major stock markets from 1900 to 2018. With this data, we have calculated the...

Global Financial Data has made major revisions to three of its popular indices, the Dow Jones Transport Average, the S&P 500 Composite and the S&P 500 Composite Total Return Index. Global...

The Amsterdam Stock Exchange is the oldest in the world. It was established in 1602 by the Vereenigde Oost-Indische Compagnie (Dutch East India Company) to aide in the trading of shares in the...

Global Financial Data has calculated the market cap of the United States stock market from 1791 until 2018. These calculations include not only the New York Stock Exchange, American Stock Exchange...

Global Financial Data has added over 1200 new series on debt from the BIS. These series track the outstanding debt by country and category. All data are quarterly and will be updated on a regular...

Apple is fast approaching a market capitalization of $1 trillion. Their current market cap is about $900 million and an 11% increase in their stock price will make Apple the first $1 trillion...

Global Financial Data has added 67 years of data and over 13,000 daily data points to the Dow Jones Transportation Average. GFD’s version of the average now begins in 1832 and provides daily data...

  Global Financial data has added 180 market cap country indices to its GFD Indices. The indices cover 90 countries with one index providing both data on the total market cap of that country...

Although, few people may realize it, we may be seeing the first generation of kids that will not need to know how to drive a car. With all the changes that are going on in the automobile industry,...

Global Financial Data has added the most extensive collection of data on sector market caps available anywhere.Global Financial Data divides the stock market into twelve sectors. The 12 sectors...

The Course of the Exchange made the first attempt to break the stock market down into sectors in 1811 when it expanded its coverage of stocks to include shares other than the three sisters, the...

Global Financial Data is completing its collection of data for the English stock market. The UK stocks database includes data on 25,000 companies from 1657 when the East India Company started...

The article Four Centuries of Global Leadership tracked the largest company in the world from 1602 to 2018. This article focuses on the United States, detailing how leadership, in terms of the...

Global Financial Data has collected data on the London Stock Exchange and the United States stock exchanges as well as data on individual companies over the past 400 years. This data covers all...

Global Financial Data has extended its daily data for the NASDAQ and over-the-counter markets back to 1968, providing daily coverage of thousands of companies during one of the most volatile eras...

Global Financial Data has always worked hard to provide as many different access options for our data as possible. Over time, a variety of different methods have been developed to meet the needs...

Toys ‘R’ Us has announced that it is closing all of its stores in the United States as parents and kids have found alternatives to the toy retailer. Their closure reminded me what a tough business...

Global Financial Data has put together indices of the St. Petersburg Stock Exchange before World War I and the collapse of Russia into Communism. The data was made available to us from Yale’s...

Much is being made about the fact that the bull market is marking its ninth anniversary today. The bear market of the Great Recession hit its bottom on March 9, 2009 and has steadily moved up...

Global Financial Data has reorganized its sector and industry classification system to make Communications a separate sector. The introduction of the internet 25 years ago has transformed the...

The Risk-Free Rate of Return is an important concept in financial markets since it provides the return an investor can receive on his money without running any risk of loss. Typically,...

  Bryan Taylor, Chief Economist for Global Financial Data, has just released his first collection of articles and blogs on financial history. The book is a light-hearted look at some of the...

Global Financial Data has added 320 Total Return Series to its GFD Indices. These series cover over 50 countries and include returns to stocks, bonds and bills. These indices use data already...

The New York Stock Exchange is celebrating a double anniversary this year. It is 225 years since the Buttonwood Agreement was signed on May 17, 1792 by 24 brokers, allowing direct trading and...

One of the more interesting canal stocks that traded in Britain during the 1800s was the Loughborough Canal Navigation Co. which incorporated in 1776. This was a small canal, only 9.25 miles in...

      Global Financial Data has extended the histories for its corporate and muni bond indices. This includes not only the series covering the yields on corporate and...

Fifteen years later, in 1925, it had doubled again to 120, and just 5 years after that, had teetered on the cusp of 300 by April of 1930, right before it took a nose dive. In 2 short years,...

One of the goals of the US Stocks Database and the UK Stocks Database is to eliminate the survivorship bias and the exchange bias that all other stock databases suffer from. Survivorship bias...

Global Financial Data has put together a data series covering seven centuries of real estate prices. The series covers real estate costs in Great Britain from 1290 to the current day. How did...

Donald Trump was elected president promising to use protectionist measures, if necessary, to bring jobs back to America. Economists warn that raising tariffs reduces trade and hurts the...

Donald Trump’s inauguration speech vowed to return protectionism in an effort to not only bolster employment, but to recapture positions that have migrated overseas. His initial defense against...

Today, the future of energy prices is as uncertain as ever. Whereas in the 1970s, there was a fear that the supply of oil could decline dramatically, causing future oil prices to rise, fracking...

  In our annual review of global stock markets, we noticed that a relatively large number of countries put in what could be a bear market bottom in 2016. If this is true, investors should...

Global Financial Data has introduced commodity indices which have the longest histories available anywhere as part of its family of GFD Indices. These commodity indices begin in the year 1000 and...

Standard and Poor’s and MSCI recently revised their GICS sector indices, introducing Real Estate as a separate sector, removing it as an industry within Finance. S&P/MSCI also revised several...

Fear is powerful. Especially when it comes to the economic forces in the world and tied to our quality of life. This basic concept is pertinent to not only those in first world countries, but...

Global Financial data has added 20 new indices aggregating the data from its proprietary bond indices to create global fixed income series using data from over 50 countries. A price index and...

I visited Cuba a few weeks before Castro passed away, and my visit to Cuba not only provided me with the opportunity to see a country frozen in time with American cars from the 1950s acting as...

Global Financial Data includes information on thousands of businesses that entrepreneurs have created during the past two centuries, and two of these were run by Donald Trump. There are so many...

GFD has added data on over 220 companies and over 600 securities listed on the St. Petersburg Stock Exchange between 1865 and 1917 when the Russian Revolution forced the stock exchange to close...

Global Financial Data has added monthly data on 88 companies listed on the Copenhagen Stock Exchange between 1893 and 1937. Using the data for these companies, GFD has also calculated 50...

Global Financial Data is launching its own proprietary indices to help its customers analyze the trends in global stock markets that have occurred over the past 300 years. Global Financial...

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...

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...

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...

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...

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...

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...

  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...

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...

“I sincerely believe, with you, that banking institutions are more dangerous than standing armies.” – Thomas JeffersonAt the end of the Bush administration’s time in office, the government, to the...

Global Financial Data has expanded its unprecedented coverage of U.S. Stocks with the addition of data on over 4,000 banks unavailable from any other source. No other data provider can compete...

I met Chris while I was a broker. As everyone knows, brokers are salesmen who happen to deal in the stock market. It is better to know nothing about the stock market and be a good salesperson than...

  Everyone is aware of the incredible returns that Berkshire Hathaway has provided shareholders during the past fifty years that Warren Buffet has run the company. In the late 1960s, when...

One question I often receive about the data for the Germany is why the German stock and bond indices had a 90% decline in June 1948. At first, people think there is an error in the data, but...

One of the most dramatic events in the financial history of Victorian England was the collapse of Overend, Gurney and Co. Its failure had a more severe impact on the London financial market...

The government of Zimbabwe announced this week that they were finally demonetizing the Zimbabwe Dollar. Although the United States Dollar replaced the Zimbabwe Dollar in every day transactions...

I have written about numerous scammers who used the stock market to defraud investors of their money, but one of the towering figures of this repulsive group of is Barry Minkow. I refer to him...

The Unemployment Rate in the United States is of primary concern not only because it is an important measure of labor markets, but because it influences the Fed’s decision on whether to raise the...

Global Financial Data has added 250 CAPE Ratios to its database. The GFD CAPE Ratios are drawn from over 40 countries and include global indices such as World excluding USA index. The GFD CAPE...

A previous blog discussed Wilt Chamberlain’s unsuccessful attempt at following up on his successful basketball career with a successful IPO. Wilt Chamberlain wasn’t the only sports star to go...

GFD has added 3000 new data sets to the GFDatabase which calculate the Annual Percentage Change. These files focus on economic data for which users are more concerned about the rate of change...

The data are over-the-counter quotes and provide the Bid, Ask and Average of the Bid and the Ask for each company.

The United States stock market has been in bull-market mode for six years now, and some fear the stock market may be running out of steam. By our count, there have been 25 bear markets in the...

Global Financial Data has added almost 300 new stock and commodity indices for users of the Global Financial Database. The new indices expand GFD’s coverage of equities into new areas. GFD has...

The United States stock market has been in bull-market mode for six years now, and some fear the stock market may be running out of steam. By our count, there have been 25 bear markets in the...

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...

Global Financial Data has added new graphing tools to its website to enhance our customers’ ability to study our extensive database. The new graphing tools make it easier to visualize our data. In...

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...

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...

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 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.

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...

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...

  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...

  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...

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...

It was 100 years ago, in 1914, that the Gold Standard died. When World War I began, most countries went off the Gold Standard and attempts to return to a Gold Standard since have all failed....

  If you were to ask most people which country suffered the worst inflation in history, they would answer Germany, since Germany’s hyperinflation after World War I is probably the most...

  Global Financial Data is happy to announce that it has added over 1600 new exchange rate files to the GFDatabase, doubling the number of exchange rate files within the database. All of...

Global Financial Data has updated a number of its long-term government bond series. These updates include both the 10-year Benchmark Bond files as well as the Total Return Series for Government...

Global Financial Data is pleased to announce its partnership with Updata to provide its long-term, historical data series through their software platform. Updata is the leader in providing...

  Global Financial Data has eliminated the exchange bias. Other stock databases limit themselves to providing data from the national exchanges, ignoring thousands of local companies that...

  Confederate bonds are now prized by collectors of Confederate memorabilia. Since the bonds were never redeemed, thousands of these remnants of the South still exist for anyone to own. One...

  Which country has the dubious distinction of suffering the worst bear market in history? To answer this question, we ignore countries where the government closed down the stock exchange,...

  One of the long-term components of the Dow Jones Industrial Average has been IBM. The company was originally added to the Dow Jones Industrials on March 26, 1932 in a reshuffle involving...

  Today Pepsi is one of the strongest brands in the world with a capitalization of nearly $125 billion. But this wasn’t always the case. It may be hard to believe, but Pepsi was on the verge...

    Yields on United States 10-year bonds rose above 3% at the beginning of January. The yield on the 10-year had reached its lowest point in history in July 2012 at 1.43% as a result...

  So far in 2014, emerging markets have significantly underperformed Developed Markets. Turkey has been forced to raise their interest rates dramatically to defend the Lira while Argentina...

  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...

  Yields on United States 10-year bonds passed the 3% in January. The yield on the 10-year had reached its lowest point in history in 2012 at 1.43% as a result of the Fed’s policy of...

  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...

  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...

  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...

  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...

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...

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...

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...

  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,...

  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...

The Vereenigde Oost-Indische Compagnie (VOC), or the United East India Company, was not only the first multinational corporation to exist, but also probably the largest corporation in size in...

  The Dow Jones Industrial Average (DJIA) is both the oldest stock index for industrial stocks in the United States and a benchmark for stocks in the United States. When someone says “the...

  Depending on who you ask, Interest rates will move up in the next 1 to 5 years. With this move in mind, it is necessary to look at the performance of some of the asset classes that could...

The Company of Proprietors of the Grand Junction Canal was incorporated by Special Act of Parliament on April 30, 1793 to build a canal from Braunston to the River Thames. The stock for the canal...

With Google and Priceline surpassing $1000 (much less Berkshire Hathaway A shares trading at $175,000), people are amazed that stocks can trade at such high levels without being overvalued or...

Although many people have hailed Ben Bernanke’s response to the current financial crisis for going outside of the box and using unorthodox policies to avoid a financial collapse, in reality,...

The Florida Land Bubble of the 1920s has been hailed as a precursor both to the Stock Market Bubble of the late 1920s and the real estate bubble of the 2000s. Unlike the stock market crash of 1929...

Once again, the government has cut a deal to avoid defaulting on its debt by raising the debt ceiling. The chance of the United States defaulting on its debt has been avoided, at least until...

The government is running a large deficit and it can’t cover its expenses. The government debt exceeds the GDP of the country. The central bank’s balance sheet is exploding as the government buys...

Most stamp collectors are aware of the Great Stock Exchange Forgery that occurred in London in 1872 and 1873, even though most Americans who do not collect stamps are not. In 1870, the telegraph...

One of the principal decisions investors have to make is how to allocate their assets between stocks and bonds. Although stocks generally provide a higher rate of return than bonds, stocks are also...

A previous blogged discussed the founding and dissolution of the First Bank of the United States (BUS) which existed from 1791 to 1811. After the First BUS recharter was defeated, the...

The Northern Pacific Railway was a transcontinental railroad that operated across the northern tier of the western United States from Minnesota to the Pacific Coast. The goal was to connect the...

The President, Directors and Company, of the Bank of the United States, or the First Bank of the United States, as it is more commonly known, was chartered for a term of twenty years, by the...

Global Financial Data has added four indicators of Global Warming. These four data sets use the Met Office Hadley Centre observations datasets for the World (HADCRUTGM), Northern Hemisphere...

Most people in the stock market have heard about the South Sea Bubble, the first stock market bubble, which took place in 1720, but few people realize that the South Sea Co. was also one of the...

The stock for which Global Financial Data has the longest history is the Bank of England stock, or as it was originally known, the Governor and Company of the Bank of England. The origin of the...

Since I grew up in Dallas where the old Dr. Pepper plant was located on Mockingbird Avenue (now demolished), I have always been a Dr. Pepper fan, and though not everyone refers to it as the elixir...

Even though the Fed is not due to raise interest rates for a few years (2016 per the latest numbers that I’ve seen lately). People are still looking and preparing for this to happen. What asset...

Freddie Mac has added 23 new Metropolitan Standard Areas (MSAs) to the list of MSAs that they cover in their quarterly surveys of housing prices throughout the United States. The FMHPI provides a...

  In the above chart which shows the Dow Jones Industrial Average from 1885-present adjusted for inflation, you’ll see that the composite has yet to reach all-time highs in terms of...

The stock for China Logistics Group, Inc. (CHLO on the OTCQB) can lay claim to being the greatest destroy of equity of all time as a result of the multiple reverse splits its stock has...

After trading to new yearly lows and then falling below $1,320, gold on Thursday reached its lowest level since September 2010. The strong rally in the US Dollar after the Fed meeting earlier this...

Successful companies pay dividends to their shareholders. Sometimes they share their profits by issuing a cash dividend. Sometimes they give extra shares of stock through a stock dividend or stock...

Global Financial Data has added several new series to its Real Estate Database. We have added Real Estate indices for two new countries: Brazil and Croatia. The Brazil data are quarterly covering 11...

Some stocks have made incredible moves, rewarding investors immensely. In many cases, the most important part of the stock’s performance came before the company listed on the NYSE, not after. A...

Some stocks have made incredible moves, rewarding investors immensely. In many cases, the most important part of the stock’s performance came before the company listed on the NYSE, not after. A good...