On this site you will find five special link pages on the exogenous forces that move capital markets — forces I call the ‘Five Horsemen of the Investment Apocalypse’ : Here are some links on five great forces that move markets War New Leaders Demographics New Technology New Economic Theory These link collections are intended to help analysts keep up to date […]

The SEC has sanctioned the use of risk-return predictive software as a sales aid by NASD registered representatives, as long as disclaimers are displayed. (See PDF file) Each forecasting tool must be accompanied by a description of the criteria and methodology used, including the tool’s assumptions and limitations. However, the reverse side of regulation is […]

Finn Kydland and Edward Prescott were awarded the Bank of Sweden Prize in Economic Science in Memory of Alfred Nobel for 2004 for their work in “time-consistent policy and the generation of the business cycle”. As is the case with these awards, the contributions of these men have long ago been absorbed by the academic […]