GMO’s Montier: Stocks Are Nowhere Near Fair Value
It would take 60 years for today’s stock market to be considered fair value assuming real interest rates remain at -2%, Montier says.
Buffett Worries Rate Hike Could Damage Economy; Touts Precision Purchase
Warren Buffett warns of bad timing for Fed move because Europe needs to keep rates low.
Why the Fed Won't Raise Rates Next Month
Looking at the numbers around stocks, oil and commodities, why I doubt the Federal Reserve will raise rates at September FOMC meeting.
Morningstar: Vanguard's Yones on Dealing With 'Product Inundation'
Doug Yones speaks of how advisors can deal with "product inundation," how to conduct due diligence on those products, and how advisors can counteract "home market bias" to "truly diversify" client holdings internationally.
Confusing What Just Happened With What Happens Next
Lessons for investors, advisors and traders on how behavioral finance's ‘recency effect’ plays out in the markets and affects market participants.
Star Trek Economics: A Future Free of the Dismal Science
In thinking about the economics of Star Trek, what we’re really thinking about is how to get to economic utopia, Noah Smith writes.
Russia Can’t Help Being a Gold Bug
The dramatic drop in the price of gold makes Russia look like a classic sucker, but it’s not that simple.
Job Market's Signals for the Fed
Just a slight strengthening of labor market conditions (particularly on the wage front) would be enough to increase the probability of a September rate hike.
This Recovery Really Is Different
Credit bubbles are very different from ordinary recession recoveries. Bank crises and the long, slow, painful recoveries are simply not comparable to other business cycles.
Sen. Warren Floats Bill to Stop Credit Checks by Employers
The Equal Employment for All Act would prohibit employers from requiring potential employees to disclose their credit history when applying for a job.