The Great Depression

  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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February 21, 2021

Comments

Yann Leonidopoulos

Dear Professor
All that seems correct but number of insider selling vs. buying has been steeply increasing since the beginning of the year (source: fintel.io/macro). If yields rise this should be good for banks yet banking executives sell their stock. Don't you find this strange ?

Dennis Elam

I have not seen the numbers on bank insiders selling. The fact may be the age of bankers today. How many remember 14% T Bonds in 1981, not man were around then. After years of lower rates, no doubt they may think these are high rates and the FED will magically bring them back down. CFR has had an amazing rally from the 60s to over 100. If you had options at 60 I can see the temptation to make a quick profit.

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