Log In
Or create an account ->
Imperial Library
Home
About
News
Upload
Forum
Help
Login/SignUp
Index
Cover
Wiley Global Finance
Series Page
Copyright
Dedication
Acknowledgments
Introduction
Our Damaged Economy
Congress's Role in Wealth Destruction
Summary
Notes
Chapter 1: What is the Congressional Effect?
How Was the Congressional Effect Discovered?
Early Returns Showing the Congressional Effect
The Smoot-Hawley Act: The Mother of All Congressional Effects
The Congressional Effect Data and Launching a Mutual Fund
Summary
Notes
Chapter 2: The Congressional Effect and the Limits of Modern Portfolio Theory
How MPT Has Been Used by Financial Advisers
Formulas Distort Valuation if Inputs are not Free Market Inputs
What Caused the Crash of 1987?
The Magnitude of the Crash of 1987 Refutes MPT
MPT Assumes All Daily Pricing Is Random, but the Congressional Effect Shows it is not
Summary
Notes
Chapter 3: Congressmen as Issues Entrepreneurs
The Time-Money-Vote Continuum: Congress as a Business
Congressmen as Traders and Real Estate Entrepreneurs: Making Money Outside Their Day Gig
Summary
Notes
Chapter 4: Behavioral Finance, the Stock Market, and Congressional Dysfunction
Overview of Behavioral Finance Concepts
Survey of Behavioral Finance Concepts
Congress's Approach to Behavioral Finance
Summary
Notes
Chapter 5: If Congress is Malfunction Junction, What's its Function?
Economic Lifeblood: Investment Capital Formation, the Stock Market, and Congress
Dodd-Frank Overview
Health Care Reform
Burning Coal and Other Energy Investors
Summary
Notes
Chapter 6: Where Will Washington Strike Next?
Where You Can Find Information
How to Leverage This Glut of Information
Summary
Notes
Chapter 7: Sidestepping Congress's Wealth Destruction with a Macro Approach
11,832 Data Points Support the Congressional Effect Theory
Congress and the Tragedy of the Commons
Adam Smith, Call Your Office!
Summary
Notes
Chapter 8: Are Democrats or Republicans Better for Your Portfolio?
Who Gets the Credit for the Bull Market in 1980?
Unified Government Favors Nominal Returns
Split Government Favors Real Returns
Republican Congress vs. Democratic Congress
Filibuster-Proof Majorities Hurt Returns
Summary
Notes
Chapter 9: Leverging the Election Cycle
The Presidential Cycle and Real Returns
The 2012 Election and Beyond
Notes
Chapter 10: Are Lame Ducks, Impeachments, Resignations, Vetoes, and Litigated Elections Good for the Market?
President Bill Clinton
President Andrew Johnson
Resignations
Lame Duck Sessions
Litigated Elections
Vetoes
Summary
Note
Chapter 11: More Ways to Dodge Congress's Stray Bullets
Value Funds: Longer Time Horizons than Congress or the Somali Pirates
Gold Funds: Avoiding Congressional Debasement
Beyond Congress: International Funds
Reducing Global Security Risk
Summary
Notes
Chapter 12: “ThatGovernment Is Best that Governs Least”
Prognosis: Increasingly Partisan Politics Is Not Good for the Market
Conflicting Government Mandates Promote Market Instability
The Cumulative Effect of Unintended Consequences is Congressional Wealth Destruction
Congress's Dysfunctionality and the 2012 Election
What Happens When Congress Does Not Know the Price?
Congress Needs to Attract the Best Talent
In Conclusion
Notes
About the Author
Index
← Prev
Back
Next →
← Prev
Back
Next →