…be done. The shock was dramatic, but it didn’t last very long. RIsk premia returned to normal during 2009. It is hard to argue that the extremely slow recovery was…

Now that I know we’re just members of the “Peanut Gallery,”* let this random links post work as a placeholder for longer posts as we prepare for the “holiday”: Shorter…

…figure labeled “Current value under Both”. That’s the figure if you had just left your money in the market the whole time regardless of party affiliation. Notice that it’s much…

…been flowing mainly to richer Americans. By contrast, middle class wealth is mostly in the form of home equity, which has risen much less. Households owners’ equity in real estate…

…The big winners have been three private equity firms — including Bain Capital, co-founded by Mitt Romney, the Republican presidential candidate — that bought HCA in late 2006. HCA’s robust…

…to understand why the predominant financial contract is a loan or a bond rather than equity. In fact, we need a clear understanding of the optimal debt/equity ratio for the…

…this: that is the business model of private equity: Charlie Hallac, a top deputy to Larry Fink at BlackRock and head of the firm’s analytical arm, BlackRock Solutions, distilled it…

…in his op-ed to support the preferential treatment of compensation for private equity and real estate partnership “profits” partners. He points out the categorization problem–that it is not always easy…

…under Medicare and Social Security). Most treat the owners of corporate equity as though they were some kind of revered engine of growth, when in fact they are usually merely…

…on the lefthand side of their balance sheet, and $50 as shareholder equity on the righthand side — a liability). The household can’t use that equity to buy a pack…