Untitled

Commentaries — April 9, 1999

Understanding the Financial Markets in 1999 Part 4 – Is the S&P 500 the “Engine” of World Growth? Why did all financial markets nearly melt-down last summer/fall? We believe it was not due to LTCM or Russia, but because the “engine” of world growth sputtered. What is that engine? The U.S. stock market. We detail… Continue reading Untitled

Open Understanding the Financial Markets in 1999
Part 4 – Is the S&P 500 the “Engine” of World Growth?
Why did all financial markets nearly melt-down last summer/fall? We believe it was not due to LTCM or Russia, but because the “engine” of world growth sputtered. What is that engine? The U.S. stock market. We detail our reasoning in this commentary.