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Who cares about FED rates?
Besides leaving rates near zero, FED focused today on additional steps to get credit flowing. What about purchasing long-term Treasurys instead of buying mortgage-backed securities? Could be a better idea but FED decided in the direction of more heterodox one: mortgage-backed securities. Unfortunately, only Jeffrey Lacker, president of the Richmond Fed, voted against this decision.
January 28, 2009 3:30 PM ET
Predictability in Currency Markets
Richard Levich and Valerio Poti study predictability of currency returns over the period 1971-2006. Their main results were: (i) excess-predictability is highest in the 1970s and tends to decrease over time; and (ii) periods of high and low predictability tend to alternate. See more here.
December 20, 2008 10:01 PM ET
Forecasting Stock Market Returns
A recent work by Miguel Ferreira and Pedro Santa-Clara shows that there is substantial predictability in equity returns. They proposed forecasting separately the three components of stock market returns: dividend yield, earnings growth, and price-earnings ratio growth. See details here.
December 16, 2008 9:04 AM ET
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Finance:
- CAPM - Capital Asset Pricing Model
- Introduction to Valuation
Risk:
- CreditMetrics model
- The KMV model
Investor Sentiment Indicators:
- Finance Theory and the Investor Sentiment
- G100 Sentiment Rules
- G100 Ranking
- G100 Historical Results
- Members area
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