How Should History Judge Alan Greenspan?

Laurence Articles

If you care about finance and markets, you may think that the Fed chairman or chairwoman, not the U.S. president, is the most powerful person in the world. Thus, Alan Greenspan, who held that position longer than anyone else except William McChesney Martin a generation earlier, was arguably the most influential public official in the lifetimes of most readers of …

CAPMing the CAPE: Shiller-Siegel Shootout at the Q Group Corral, Part 2

Laurence Articles 0 Comments

The CAPE ratio, Cyclically Adjusted Price Earnings ratio, is a version of the price/earnings (PE) ratio popularized by Robert Shiller. It is widely used to assess the richness or cheapness of the equity market relative to its own history, and to make forecasts of the long-run return on equities, a vital input into asset allocation processes and retirement saving and …