How Long Can Valuations Stay High? What History Tells Us

My first employment out of graduate school at Vanderbilt was with the New Yorkfirm of Kidder, Peabody & Company. The firm brought people in to discuss variouspertinent topics to the training class. For economics we were lectured by a Professor Gamerov. He posed...

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One Sure Result from Political Turmoil: Higher Interest Rates

The recent dismissal of Kevin McCarthy, the Republican Speaker of the House of Representatives, by members of his own party has a certain thespian quality to it. Sort of like watching a modern adaptation of Shakespeare’s Julius Caesar. It is not every day that a...

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The Untracked Stimulus Program: Spending By Those Over 65

Economists keep scratching their collective heads about the ongoing strength of the economy. With the COVID stimulus funds close to spent and the Federal Budget deficit flattening out the question is: where does the economy come up with the ability to grow at a rate...

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