Tuesday, January 22, 2008

Waltz


The Wall Street Waltz: 90 Visual Perspectives, Illustrated Lessons From Financial Cycles and Trends

This is one fine book. A compilation of charts with running commentary by Kenneth Fisher, from Fisher Investments and Forbes. It covers about two hundreds years of history of the stock market, in this and other foreign governments, all in pictures.

Say you were curious about the bond market's prices during the US civil war? It is in there.

Interested in if the comparison of South African gold to world gold production from 1950? It is in there.

Say you wanted to know if a large deficit is bad for the economy? Yep, included. Fascinating that a large deficit is actually very good for the economy. When following Andrew Jackson's ideas in the early 1800s, the federal government repaid our deficit with disastrous results. there is a great graph of this that covers public finance from 1790.

What about the Iraq war? Good or bad for the economy? Not important, and he presents information to back it up.

A good read and coffee table book, but no specific investment advice on this go around, so I will sit on the sidelines.

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