Stocks for the Long Run?
This post examines the relationship between stock prices and GDP and considers the long-term outlook for stock prices. I begin with a question: Do swings in stock prices — as as measured by a broad...
View ArticleThe Stock Market as a Leading Indicator of GDP
Stock prices are notoriously volatile, even when measured by a broad index like the S&P Composite. You might think that the S&P Composite is sensitive to broad changes in economic activity, as...
View ArticleThe Economic Outlook in Brief
I have elsewhere quantified the connection between government spending and economic growth (e.g., here and here).* I have also shown that stock prices indicate the direction of economic growth. It...
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