Daniel R. Amerman, CFA

Articles by Daniel R. Amerman, CFA

One way of looking at financial history is as the battle of two four word phrases: "this time is different" versus "reversion to the mean." "This time is different" is enormously popular, and it has become the dominant belief system many...
In a previous analysis we examined how to create a 21% yield, as the incidental byproduct of the Fed's plans for the cyclical containment of recession.

In this analysis, we will deepen that examination and visually illustrate the...
The "Plunge Protection Team" is the colloquial name for the Working Group on Financial Markets (WGFM). The Working Group was established by the executive order of President Reagan in 1988, in the aftermath of the stock market plunge of...
The Organization For Economic Cooperation and Development (OECD) is urging the nations of the world to be prepared for and have a coordinated plan to simultaneously engage in major "fiscal stimulus" in the event of a downturn in the global...
Martin Feldstein, who was chairman of the Council of Economic Advisors under President Reagan and is currently a Harvard professor, wrote an extraordinary editorial in the Wall Street Journal in which he strongly advocated that the Federal...
Housing prices and the associated REIT returns have worked very differently in the United States since the recession of 2001. The increasing financialization of the real estate markets by Wall Street, and the aggressive and unconventional...
Home buyers in every city and state have been benefiting from a powerful financial cycle for almost five years. Most people are not aware of this cycle, but it has lowered the average monthly mortgage payment for home buyers on a national...
Could a committee of unelected officials increase your household's share of the national debt by $60,000 in a single meeting? In normal times - they could not. However, these are not normal times, and any appearance of normality is...
Movies can have quite predictable plot lines that we know in advance - but we love them anyway. It could be a romance, where the girl is going to end up with the right guy through a series of improbable events, even though that looks...
"Compound interest is the eighth wonder of the world."

Albert Einstein

"My wealth has come from a combination of living in America, some lucky genes, and compound interest."

Warren Buffett

Compound interest is an...

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Silver has the highest electrical conductivity and heat of all metals.