Perspectives

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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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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I Hear Banjo Music: Drifting Towards A Debt Crisis

Sometime in the next 15-45 days, the United States government is going to run out of credit. This is the result of a law, passed in 1917, that placed a limit on what the country can borrow as described by law. The United States is the only developed country in the...

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