Posts tagged ‘Wall Street’

June 15, 2012

The Daily Scoop: 5 myths of the great financial meltdown

FORTUNE — It’s hard to believe, but it’s been five years and a day since the U.S. financial system’s problems surfaced, and we’re still not even remotely close to being able to feel good about the economy. There’s a long way to go before the economy, and people, recover from wounds inflicted by the financial meltdown.

How should you think about the past five years? What can we learn from them? And what can we as a society do to minimize the chances of a recurrence?

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February 24, 2012

The Daily Scoop: Stocks Return More With Democrat in White House:

While Republicans promote themselves as the friendliest party for Wall Street, stock investors do better when Democrats occupy the White House. From a dollars-and-cents standpoint, it’s not even close.

The BGOV Barometer shows that, over the five decades since John F. Kennedy was inaugurated, $1,000 invested in a hypothetical fund that tracks the Standard & Poor’s 500 Index (SPX) only when Democrats are in the White House would have been worth $10,920 at the close of trading yesterday.
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