From WSJopinion: Kevin Hassett and James Glassman were mocked in 1998 but have been vindicated by rising stocks. The danger now? Rising interest rates, writes krogoff
these pagesdismiss concerns of a stock market bubble and offer a rationale for why stocks could still go a lot higher. That was already sticking their necks out. But then they stuck them out further, arguing—with many qualifications—that over the long run the Dow Jones Industrial Average could go to 35000. Their simple policy advice: Buy a diversified portfolio of stocks, and don’t put too much money in bonds. Over the long run, stocks offer a higher return without significantly greater risk.
Later, in 1999, they stuck their necks out even further in a best-selling book titled “Dow 36,000.” In it, their very rough guess on timing was five years. The left hated them, in no small part because Mr. Hassett is a prominent conservative economist. The right liked them, partly for the same reason. On balance, it is probably fair to say that the book was viewed as somewhere between outrageous and absurd.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Opinion | Why 'American Crime Story: Impeachment' is so hard to watchThe idea behind the series is clear: This is ground zero for today’s divisive polarization, the first bad faith shot fired by the GOP in a war that would culminate in the nomination of a man accused of serial sexual assault, Ani Bundel writes NBCNewsTHINK
Leer más »
See Jon Stewart Surprise Pete Davidson During 'Wheel of Opinions' on 'Fallon'See Jon Stewart surprise Pete Davidson during ‘Wheel of Opinions’ on ‘The Tonight Show Starring Jimmy Fallon,’ which airs tonight
Leer más »
Opinion | Justice Gorsuch Tears Up OklahomaFrom WSJopinion: Justice Neil Gorsuch’s 5-4 McGirt opinion is causing havoc in the Sooner State, writes The Editorial Board
Leer más »
Dow loses grip on 35,000 and touches 2-week low as stock market comes under pressure WednesdayU.S. equity benchmarks trade mixed Wednesday morning, with information technology and communication services sectors coming under selling pressure, as...
Leer más »
Kim Kardashian's Daughter North Just Hilariously Exposed Her Mom's Fake On-Camera Voice'Why do you talk different?'
Leer más »
Comedian and Actress to Have Baby; Whole Damn Internet Freaks OutYou know all this discourse about John Mulaney and Olivia Munn the last few days? It's not good. It's not healthy. It's not worth doing. Let's cut it out, already.
Leer más »