Savers have been frustrated by super-low short-term interest rates since the 2008 financial crisis forced central banks worldwide to slash rates. Despite forecasts that government stimulus spending and rising national deficits would spark inflation and higher rates, inflation and interest rates have remained stubbornly low. What is a saver who wants a decent interest rate to do? The chart of […]
One of this country’s preeminent financial economists and historians believes the stock market is a great buy today. In fact, when compared to similar periods over the last 200 years of stock market history, all of the unsettling events of recent years have contributed to the market’s positive prospects, says Jeremy J. Siegel of the Wharton School and author of […]
During the past quarter, global stock markets ended their year-long rally and experienced their first major correction since the crash of 2008. Despite strong corporate earnings reports, global investors reacted to the European debacle, the Gulf oil spill, Goldman’s troubles with the SEC, and worries about a possible double-dip recession. The following chart shows the 3-month, 5-year, and 10-year performance […]
