Tag Archives: History

A Look at Index History Part 1

This is more an eyewitness account than an analytical review of the growth of indexing since I joined S&P in 1982. At the beginning of 1982, few people saw indices as a business. There were only two well-known US indices – the S&P 500® and the Dow™ – and one index fund. Interest rates and Read more […]

A Bit of Long History

Houses or Stocks Either could be an investment, if only we knew which would perform better?  We don’t, but a recently released academic paper, “The Rate of Return on Everything, 1870-2015” offers understanding and some unexpected facts from the past.  The paper covers 16 developed markets and compiles the real and nominal returns on equities, Read more […]

Policy Post Mortems

Complete transcripts of the Fed’s policy meetings and conference calls are published with a five year lag. Last week the central bank released the transcripts from 2008, probably one of the more interesting years to “hear” word for word what the members of the FOMC were saying.  The release was almost to the day the Read more […]