All Entries in the "Economy" Category
Nobel Prize Winner and Economist Milton Friedman Dies at 94
Milton Friedman, the Nobel Prize-winning economist who advocated an unfettered free market and had the ear of Presidents Nixon, Ford and Reagan, died Thursday. He was 94. Friedman died in San Francisco, said Robert Fanger, a spokesman for the Milton and Rose D. Friedman Foundation in Indianapolis. He did not know the cause of death. [...]
1927-1933 Chart of Prognosticators and the Stock Market
I stumbled across an interesting link over at Fark that plots famous quotes from experts in their time in relation to stock market activity. I particularly like this quote, just before the crash: “Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a [...]
The Average American: 1967 and Today
Tom Van Riper at Forbes.com has an interesting article and slideshow that talks about how American families have changed financially over the past few decades. Mr. and Mrs. Median’s $46,326 in annual income is 32% more than their mid-’60s counterparts, even when adjusted for inflation, and 13% more than those at the median in the [...]
12,000 Dow Milestone – So What?
If you have been to any finance website or watched the news in the past 24 hours then you are aware of the new milestone reached by the Dow Jones Industrial Average. The average closed at the highest point ever at just over 12,000. At first glance this sounds great and our markets are doing [...]
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