Aswath Damodaran finds the equity premium has risen to 6%—in the top decile historically. He estimates shocks from 2 of the following have already ... [Read More]
Millennial Incomes Are Comparable to Prior Generations
A new Pew study finds Millennial household incomes are higher today than they have been for every other comparable generation, except in the year ... [Read More]
New Study Shows 83% of Criminals Rearrested Within 9 Years
A 9-year Justice Department study shows 44% of released prisoners are rearrested within 1 year; 83% within 9 years. 77% of drug offenders are ... [Read More]
Two charts show income inequality hasn’t risen as much as we’ve been led to believe
Two charts show income inequality hasn’t risen as much as we’ve been led to believe. ... [Read More]
Krugman’s Misleading Scandinavian Comparison
Paul Krugman wrote a misleading post comparing U.S. wages and productivity growth to Scandinavia without admitting that Scandinavia’s test scores are ... [Read More]
New Study Offers Worrisome News on Solutions to Global Warming
Some worrisome news from the Economist on global warming: “On October 19th, the International Energy Agency reported that doubling world GDP by 2040 ... [Read More]
With $3-an-hour Mexican Labor, Why Should Capital Flow to Rural America?
With $3-an-hour Mexican labor, why should capital flow to rural America? Can rural America achieve the productivity needed to sustain high wages ... [Read More]
