“Culture makes all the difference,” Romney said at a fundraiser in Israel, comparing the country’s economic vitality to Palestinian poverty. Certainly there is a pedigree for this idea. Romney cited David Landes, an economics historian. He could have cited Max Weber, the great German scholar who first made this claim 100 years ago in his book “The Protestant Ethic and the Spirit of Capitalism,” which argued that Protestant values were the most important fuel for economic progress.
After 2 straight misses, this year’s ‘Santa Claus rally’ is off to a solid
start. Why it matters for investors.
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Stocks have never seen three negative “Santa Claus rally” periods in a row.
After two straight misses, history says the odds favor a comeback this year.
8 minutes ago





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