Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/equity premia

Extending temporary tax breaks passed

…billion for eliminating capital gains taxation on investment in small business stock (this will be just another tax break to equity funds and all those hugely wealthy investors, not a…

Duffie on speculative trading

…futures. But is that really a plus? Would we be better off if the lender continued to bear the risk against the lender’s equity capital? Odds are loans would be…

Obama’s FY 2011 Budget

…managers of big equity funds have been playing a game with their wages for years–one that is not clearly sustainable under the Code as written. They claim they earn capital…