In the late 1990s, when the stock market was hot hot hot, there was a lot of talk about how the U.S. had become “shareholder nation.” This wasn’t total nonsense–stock ownership had broadened over the course of the 1980s and 1990s, mainly through the intermediaries of mutual funds and 401(k)s. But it was still restricted [...]
John Hopkins economist Christopher Carroll examines the historical evidence on how the economy and the stock market perform better under Democratic administrations than Republican ones, and speculates: The answer can’t be found by drilling down (so to speak) into the specific policy proposals of the two parties, which have evolved so much over the years [...]
From Alex Tabarrok. No further comment necessary: Graphic by Alex Tabarrok and Colin Powell/ Used with (Tabarrok’s) permission
Everything’s just so much calmer this morning. Last week it was which investment bank would go under tomorrow, now it’s what’s in the Senate draft of the bailout bill that maybe they’ll pass by the end of the week (the WSJ just broke the story that it calls for the government to get shares of [...]
