…and currencies from around the world. This site is run by Research Affiliates, an investment research firm that develops indexes and strategies that other investment managers license. They say that…
…future cash flows or implied discount rate. The authors of the Credit Suisse article use present values and estimates of cash flow to determine a discount rate, which is interesting…
…of these funds or the number of dollars that they manage, I’m simply referring to the number of funds offered by fund companies that are available to purchase. By the…
…next to nothing! It makes the low rates in the US look positively smashing. Of course, I have cherry picked the rates that I put on the chart. You could…
…ballpark estimates. That said, it’s clear from their chart (which I’m not supposed to republish, otherwise I would show it) that their estimates for non-US stocks are closer to nine…
…think most people did, that interest rates had a ‘zero bound,’ meaning that the yield can’t go below zero, which created an asymmetric risk profile of limited upside (prices go…
…it wouldn’t be a surprise to see troubles in other developed periphery countries like Spain and Italy or in emerging markets overall. Given that stock market valuations in the US…
Last week, I wrote that it was difficult to find ‘alternative’ investments that were truly diversifying and that, as a whole, alternatives provide basic broad market exposures that you can…
…companies. Applying the same concept to our cities, we’ll be looking at 10 groups of 57 cities (or PSAs more technically). In stocks, the two largest deciles are considered large…
Long-term interest rates have moved up swiftly in recent weeks. On April 20th, the 10-year German government bond had a yield of 0.06 percent. Around that time, I couldn’t stop…
