Nir Kaissar
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Apple and Alphabet’s freakish earnings broke this market barometer
One of the most widely followed gauges of the stock market, for decades a reliable indicator of future returns, has led investors astray in recent years. Its misdirection comes down to the freakish earnings growth of big technology companies such as Apple...
2 months ago
US Federal Reserve’s criticism is cheap, and it’s mostly mistaken
I have listened to people bellyache about the Federal Reserve my entire adult life: Alan Greenspan lowered interest rates too much after the dot-com crash in 2000. Ben Bernanke printed too much money to bail out banks during the 2008 financial crisis. Jan...
1 month ago