The Wall Street Journal – The Growing Peril of Index Funds: Too Much Tech Being passive can leave you with too much of a good thing. Investors who loaded up on U.S. and Asian stock-index funds might be surprised to learn just what they own now: technology stocks—a lot of them. Led by Apple Inc., Facebook Inc. and their peers, the weighing… Continue reading Index Funds Are Overweight Tech
Bloomberg Business – Bond Titans With Over $7 Trillion Lay Out Top Trades for 2018 Bloomberg has drawn together views from money managers who oversee a combined total of more than $7 trillion in fixed-income assets for their perspectives on how to achieve top returns in the year ahead. Some urge caution, although many acknowledge that… Continue reading Bond Firms Layout Their 2018 Outlook
The Wall Street Journal – When Will the Next Recession Begin? Maybe Soon, Or Maybe Not The U.S. could stumble into a recession relatively soon, or the economic expansion could last for years to come. The economy faces risks at the best of times, and forecasters surveyed in December on average saw the probability of a recession… Continue reading Timing The Next Recession
Bloomberg View – Megan McArdie: Bitcoin Is an Implausible Currency It’s not competitive as a payment system, so maybe its value is as money. But it makes terrible money. The price of bitcoin seems to be driven by people who think that this can’t or won’t happen. As a longtime observer of the extraordinary, and often… Continue reading Bitcoin
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While many are likely aware of the approximate market value of their home, have you ever wondered how big a bite inflation takes out of any potential capital gains when selling? The chart below shows both nominal and real (inflation-adjusted) house prices since 1890. While prices rose 5155% on a nominal basis over this period,… Continue reading Long-Term Home Prices