In this week's news of the obvious, a recent study by Georgia State University shows that Senators are uniquely skilled at investment trading.
The academics who conducted the study looked at 6,000 stock transactions made by senators between 1993 and 1998. They noted that the senators did an especially good job of picking up stocks at just the right time - their buys were typically flat before they bought them, but beat the market by 30 percent, on average, in the year after.
Insider trading anyone? The brightest stars on Wall Street only get 3-6% above the market. The US Senate averages a whopping 12% better than the market.
With investment wizards like this running the country, you'd think we'd wipe out the deficit overnight.
