Monthly Archives: May 2023

The U.S. stock market is surprisingly calm right now…A key reason: a growing divide between mainstream investors, who have largely been sitting out the 2023 stock rally, and the machines whose buying has been driving it…The market’s steady rise has … Continue reading →

College enrollment has declined by about 15% in the past decade, according to federal data. The reasons include the high cost of university education, colleges closing and uneven returns from getting a degree, as well as the hot job market.  The college-enrollment rate … Continue reading →

There are 11 emerging nations with dollar debt trading at a risk premium of at least 10 percentage points — a distressed level that signals the threat of default.  Lebanon, Sri Lanka, Zambia and others have already tumbled into default, … Continue reading →

Good piece in the FT about the number of people taking the CPA exam in 2022 has dropped to its lowest level since the beginning of records for the modern exam in 2006.  Money Points: Accounting firms in the US … Continue reading →

Nope!  Based on Warren Buffet’s favorite stock market valuation metric, the market remains very expensive.   Note this is a mean-reverting chart — that is, the time series does not move from lower left to higher right as the total market … Continue reading →