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March 3, 2009
Blaming Obama without the data work
Recently I've been placing some to all of the recent stock market losses (since the election) on the policies put forth by the Obama administration.
But I just realized that I hadn't been fair, even under the semi-strong efficient market hypothesis I was operating under. What I really needed to do was see how the returns of the US stock market compared with global markets since the election. Since I'm busy with end of semester work I won't be doing that today, but I'm going to stop talking about that particular Obama performance evaluation until I do. And If I'm wrong and America has relatively outperformed since the election, I'm prepared to revise somewhat my evaluation of Obama's administration's performance.
Posted by OneEyedMan at March 3, 2009 11:25 AM
Comments
Thanks for an always interesting, always thought provoking blog. I've been reading for more than a year now, I believe, and it's consistently one of my favorites.
...So I did some data work for you:
http://foreecon.blogspot.com/2009/03/us-vs-them.html
Thanks!
- Dave
Posted by: Dave ![[TypeKey Profile Page]](http://www.belligerati.net/nav-commenters.gif)
at March 6, 2009 5:14 PM
Thanks for the post.
I agree that we do seem to have done better than most other industrialized countries have in the current crisis.
What would be an even better way to understand the Obama effect would be to look at the markets the day after the election to today, and see the difference. While the total distance from the 07 peak is important, it muddies the effects of Obama's policies with the policies from late in the Bush term.
Posted by: TheOneEyedMan at March 11, 2009 12:42 PM
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