The Equity Premium Puzzle, Intrinsic Growth & Monetary Policy An Unexpected Solution: Theory & Strategy for the Coming Jobless Age - Softcover
THIS BOOK HELPS PEOPLE UNDERSTAND MONEY AND BECOME SELF-SUFFICIENT INVESTORS! How does the FED create money and is this good or bad for jobs? Does the FED really control interest rates or do markets? Do low interest rates stimulate growth and profits, and if so why is it a puzzle that interest rates are lower than profits? WHAT IS THE EQUITY PREMIUM PUZZLE?Economists don't know why stocks return 4-8% more than bonds, despite 20 years of puzzling over it. The author argues it is due to intrinsic & productivity growth, with inevitable anti-deflation monetary policy. The resulting see-saw between productivity and human value has dogged human progress since the dawn of agriculture and may be the sole cause of war. A focus on human value growth could produce both balance and progress. WHY IS THE EQUITY PREMIUM IMPORTANT TO YOU?Would you like to know if an investment strategy reliably returns more profit? What if all investments returned nearly the same? If home loans and government bonds had to yield high returns like Apple or Google, what then? What would the policies of the politicians you vote for really do to the economy and your job? The problem and solution to the puzzle are explained in fascinating detail. Along the way, learn how to increase your share of the present economy through investing in the equity premium, and join a new class of self-sufficient investors comprising not just 1% but 20% of us or more.
"synopsis" may belong to another edition of this title.
From the Back Cover:
truly fascinating - N. Mosley, UBS Sr. VP
page turner - B.G. Smith, NASA engineer
amazing sense of humor - C. Wolfe, investor/artist
Why do STOCKS return 4 to 8% more than BONDS?
· Do you believe in Efficient Markets? Rational Investors? Then such differences in return rates should not exist.
· Do you believe bonds are much safer than stocks? Individually maybe, but over the long term bonds fluctuate with interest rates and are approximately as risky as index funds, and may default more often, justifying maybe a 1% risk premium at most.
Why is the EQUITY PREMIUM important to you?
Would you like to know if an investment strategy reliably returns more profit? What if all investments returned nearly the same? If home loans and government bonds had to yield high returns like Apple or Google, what then? For 28 years economists have tried to explain the equity premium.
The equity premium is due to intrinsic growth and productivity growth, together with the monetary policy that must inevitably accompany them, and the resulting see-saw between productivity and human value has dogged human progress at least since the dawn of agriculture. The problem and solution to the puzzle are not only explained in fascinating detail, but a new focus on human value growth is proposed that could end the conflict and produce both balance and progress. Meanwhile, learn how to increase your share of the present economy through investing in the equity premium and joining a new class of self-sufficient investors comprising fully 20% of us or more.
From the Book:
"Monetary policy must permanently adapt. Rather than a question of the sustainability of a new monetary policy regime, we find a question of whether it is wise to discontinue an adaptation to productivity increases and associated deflation."
"Constantly reducing one's share of the pie leads to no pie. Liquidation of working assets is in my view the number 1, 2 and 3 problem of the working classes."
About the Author:
page turner - B.G. Smith, NASA engineer
amazing sense of humor - C. Wolfe, investor/artist
Why do STOCKS return 4 to 8% more than BONDS?
· Do you believe in Efficient Markets? Rational Investors? Then such differences in return rates should not exist.
· Do you believe bonds are much safer than stocks? Individually maybe, but over the long term bonds fluctuate with interest rates and are approximately as risky as index funds, and may default more often, justifying maybe a 1% risk premium at most.
Why is the EQUITY PREMIUM important to you?
Would you like to know if an investment strategy reliably returns more profit? What if all investments returned nearly the same? If home loans and government bonds had to yield high returns like Apple or Google, what then? For 28 years economists have tried to explain the equity premium.
The equity premium is due to intrinsic growth and productivity growth, together with the monetary policy that must inevitably accompany them, and the resulting see-saw between productivity and human value has dogged human progress at least since the dawn of agriculture. The problem and solution to the puzzle are not only explained in fascinating detail, but a new focus on human value growth is proposed that could end the conflict and produce both balance and progress. Meanwhile, learn how to increase your share of the present economy through investing in the equity premium and joining a new class of self-sufficient investors comprising fully 20% of us or more.
From the Book:
"Monetary policy must permanently adapt. Rather than a question of the sustainability of a new monetary policy regime, we find a question of whether it is wise to discontinue an adaptation to productivity increases and associated deflation."
"Constantly reducing one's share of the pie leads to no pie. Liquidation of working assets is in my view the number 1, 2 and 3 problem of the working classes."
The author is a multi-disciplinary researcher with two books in economics, half a dozen patents and several dozen journal publications in fields ranging from economics (corporate risk compensation, the equity premium) to physics (inertia & quantum gravity). He lives in Texas with his wife Natasha, and soon plans to begin work on a novel. "The truth is stranger than fiction," Robert says, "But people are more willing to read fiction."
"About this title" may belong to another edition of this title.
- PublisherRobert Shuler
- Publication date2013
- ISBN 10 0991113004
- ISBN 13 9780991113002
- BindingPaperback
- Number of pages270
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