Daniel R. Amerman, CFA

Articles by Daniel R. Amerman, CFA

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...
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...

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During 1500s the Spaniards had taken 16,000,000 kilograms of silver from Peru.