Bloomberg, March 21, 2019, by Tyler Cowen. Real estate may be a better — and safer — investment than I thought. This is my conclusion after reading a comprehensive study published this month titled, “The Total Risk Premium Puzzle.” […] To revisit our previous understanding, it has been widely accepted that equities yield real returns...
Bloomberg, March 22, 2019, by Peter Coy. The best research on differences in black and white Americans’ income and wealth comes from Germany. University of Bonn economists Moritz Kuhn, Moritz Schularick, and Ulrike Steins assembled historical data from the Federal Reserve’s Survey of Consumer Finances from 1949 to 2016, analyzing income...
Süddeutsche Zeitung, 31. January 2019, by Moritz Schularick. Winston Churchill wird der Satz zugeschrieben, dass dieUSA weltpolitisch immer das Richtige tun, aber erst nachdem sie vorher alle anderen Möglichkeiten ausprobiert haben. Ob er das wirklich so gesagt hat, ist umstritten. Aber es ist zu hoffen, dass das gegenwärtige Hin und Her...
Patheos, December 10, 2018 by Philip Jenkins. The Washington Post recently ran a story with stunning implications for the history of Christian missions. The story suggests that such missions could have very positive “ghost” effects in the long term, even many years after they had officially ended. […] Journalist Andrew...
The Atlantic, Jan 2, 2019 by, Alexis C. Madrigal In an ugly New Year’s surprise Wednesday afternoon, Apple announced unexpectedly that it was cutting its first-quarter revenue guidance from $91.5 billion to $84 billion. The move is highly unusual. Apple reportedly last revised a projection like this in 2002. […]...
BBC, 6. December 2018, by Meredith Turits If boomers are the wealthiest generation ever, then millennials should be poised to become rich through inheritance. The principle is correct – but the reality is more complicated. […] With matters of money, millennials have an uphill climb. […] That is the story...
Foreign Affairs, September 13, 2018, by Manuel Funke, Moritz Schularick, and Christoph Trebesch. Why the Effects Haven’t Faded? he 2008 financial crisis was devastating to the world economy. Just how devastating is something economists still argue over. It is not easy to add up the costs of bank bailouts, a lost decade of economic growth, spiking...
