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Markets in History

That was then ! Historical Perspectives on Markets and the Economy

Articles: 1-10 / 173
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Meanwhile, Thirty-Five Years Later

The Nikkei 225 just hit a new high! It has broken through 40,000 for the first time in history!

Dr. Bryan Taylor, Chief Economist, Global Financial Data
Global Financial Data, March 4, 2024

Defending the Austrian Interpretation of the 1920–21 Depression: Reply to Borazan

Patrick Newman argues that the 1919-1920 business cycle was due to monetary expansion, and that Borazan's (2023) "administrative decree" about resuming expansionary policy is inapplicable. Wage cuts aided recovery.

Patrick Newman
The Quarterly Journal of Austrian Economics, Vol. 26, Issue 4, 2023. Notes and Replies, February 08, 2024

The Worst Global Bond Bear Market in History Ended in 2023

2021 and 2022 were among the worst years for fixed-income investors in developed markets in world history.

Dr. Bryan Taylor, Chief Economist, Global Financial Data
Global Financial Data, January 31, 2024

The Great Crash of 1762

There are years that are remembered by all investors when bull markets hit tops or bear markets hit bottoms. Some of the years associated with global market tops are 1720, 1929, 1987 and 2007. Similarly, there are years when global markets hit bottoms in 1848, 1932, 1974, 2009 and 2020. But some market bottoms have been forgotten.

Dr. Bryan Taylor, Chief Economist
Global Financial Data, December 13, 2023

Friedrich Hayek: A Biography

In the first full biography of Friedrich Hayek (1899-1992), Alan Ebenstein chronicles the life, works, and legacy of the visionary thinker, from his early years in fin-de-siècle Vienna to his remarkable career as a Nobel Prize winning economist, political philosopher, and leading public intellectual.

Dr. Alan Ebenstein
University of Chicago Press, April 15, 2003

As the Government and the Bureaucracy expand excessively, they become the Enemy of the People

Dr. Marc Faber
Gloom, Boom & Doom Report, Monthly Market Commentary, November 1, 2023

Stay Cool Amid Bond Yields’ Sentiment-Driven Spike

“Evidently, bonds got tired of being called boring and decided to grab some headlines."

Fisher Investments Editorial Staff
Fisher Investments, 3 October 2023

One Hundred Inflation Shocks: Seven Stylized Facts

Working Paper

Anil Ari, Carlos Mulas-Granados, Victor Mylonas, Lev Ratnovski, Wei Zhao
International Monetary Fund, Working Paper, September 2023

The Price of Time: The Real Story of Interest

In the beginning was the loan, and the loan carried interest. For at least five millennia people have been borrowing and lending at interest. The practice wasn’t always popular—in the ancient world, usury was generally viewed as exploitative, a potential path to debt bondage and slavery.

Edward Chancellor
Atlantic Monthly Presss, August 2022

The Death of Alexander the Great

After his death, the military fought for control over the land Alexander had conquered and this, combined with the silver Alexander had brought from the Middle East, led to one of the first inflations in history.

Dr. Bryan Taylor, Chief Economist
Global Financial Data, August 7, 2023
Articles: 1-10 / 173
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