Thursday, December 10, 2020

Prof Mankiw on Low Interest Rate

Excerpt:

"Moreover, some of the causes of low interest rates might give reason for concern. For example, if they reflect low growth expectations, then counting on strong growth to reduce the debt-to-G.D.P. ratio, as the United States did after World War II, might not be an option.

In the end, low interest rates are a double-edged sword. We don’t yet know which edge will be sharper."

https://www.nytimes.com/2020/12/04/business/low-interest-rates-puzzle.html

On historical returns of portfolio allocations

https://personal.vanguard.com/us/insights/saving-investing/model-portfolio-allocations






Future Restaurant. 

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Oppenheimer and Oscar Economics

This  article  is quite long, but has important modern implications.  Source: Michael Ramirez, The Gazette.