Finally, the Dow made new highs in the face of constant calls for a crash. This past week, in a horse race we would call it a trifecta where the Dow Jones Industrials, S&P 500,and the NASDAQ all made new record highs. This sent a bunch of analysts to look again and began to proclaim […]
This is the list of panics I discovered in the library at Princeton University. I simply added the period of 224 years from 1683 to 1907 which yield 8.615 as the common frequency dividing that period by the 26 events. I did not expect this to produce events to the day. The mere fact that […]
This week, a German cooperative savings bank in the Bavarian village of Gmund am Tegernsee with less than 10,000 in population, announced it will begin charging retail customers to hold their cash starting in September. This will apply to accounts greater than €100,000 euros. This means the bank will charge customers 0.4 percent, which amounts to […]
