Daniel R. Amerman, CFA

Articles by Daniel R. Amerman, CFA

There is a potential global tragedy that is unfolding in terms of the coronavirus epidemic, that may be on the verge of becoming a global pandemic. We simply don't know - nobody knows - at this stage what the eventual impact and number of...
On August 27th, 2019, in an editorial published in Bloomberg, William Dudley, the former president of the Federal Reserve Bank Of New York, did what had previously been considered unthinkable. The foundation premise of the Federal Reserve...
We currently have well above average prices for stocks, bonds and homes. This raises a simple question - what would happen to the average retirement account and to home equity for the average homeowner, if valuations were to return to what...
A new era began for us all in September and October of 2019, with the introduction of a new element that is likely to become one of the dominant investment market influences in the 2020s.



What is shown in the orange area of the...
As can be seen in the graph below, there is an almost uncanny similarity between housing prices at the 2006-2007 peak, and current home prices.



The biggest difference is that current home prices are substantially higher. Should we...
The front page of the August 16th Wall Street Journal contains the information found in the remarkable graph below.



As can be clearly seen, year to date around the world - including in Austria, Japan, Germany, and the U.S. and the U...
The discussion of negative interest rates in the United States has now officially gone mainstream, with the front page of the August 12, 2019 print edition of the Wall Street Journal carrying a prominent discussion of the possibility....
If there is a recession in the next one to two years, there is also likely to be another bear market for stocks. Based on their experience over their lifetimes, many investors are expecting a "normal" bear market in that event, perhaps in...
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...

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The word ‘silver’ originates from the Old English Anglo-Saxon word 'seolfor'