Daily Archives: 15 July 2009

The Equity Premium is No Longer a Puzzle

For a number of years, I have mused over the equity premium puzzle, and have generally written that the premium return that equities earn over stocks is less than most asset allocators assume. In January 2006, wrote an article on this topic at RealMoney: Kiss the Equity Premium Goodbye.  A few quotes: This article won’t […]

Goldman’s Gain, America’s Risk?

Today I was featured at the New York Times “Room for Debate” blog, along with five others more notable than me. William K. Black, economist, the University of Missouri Yves Smith, financial analyst Mark Thoma, economist, University of Oregon David Merkel, financial analyst Charles Geisst, author Jeffrey A. Miron, economist, Harvard University The question was […]