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In the aftermath of the financial crisis, the focus has been on better accounting for risk, better matching employee pay with the long term value they generate, and creating new regulations to “fix” the markets. Arguably, better matching pay with value created is ideal, but it is also difficult to measure, which is why we [...] Richard Posner (who literally wrote the textbook on law and economics) replied to Alan Greenspan’s defense of his actions as fed chairman (his not taking action to burst the bubble). As I have read it, the debate centers on whether short term rates that the fed controls (the fed funds rate) can influence long-term interest [...] Whenever we had a long discussion/disagreement in my Financial Management class, the professor, Dr. Joel Houston, always said something along the lines of “There is no right answer for every situation, learn to love it – that’s job security.” Much of what Financial Analysts do is made up. That’s not to say that they are [...] |
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Copyright © 2012 Joel E Lewis - All Rights Reserved |
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