How many equity risk premiums are out there? Too many to address in a single blog post. The variety is at once a challenge and a tool. A challenge because depending on your modeling preference, forecasting how the stock market will fare relative to some proxy of the “risk-free” rate can be all over the map. That’s a problem, except when you consider that combining forecasts and using the median as a relatively robust guesstimate is a tool to make lemonade out of lemons.
Daily Archives: August 23, 2023
Macro Briefing: 23 August 2023
* Stronger US growth requires higher rates, says former St. Louis Fed president
* ‘Higher-for-longer’ rate debate expected to dominate Fed’s Jackson Hole meeting
* Eurozone contraction deepens in August via Composite PMI survey data
* De-dollarization is in focus at BRICS summit, but it’s a ‘fantasy’ says analyst
* Richmond Fed Mfg Index indicates ‘sluggish’ activity continues in August
* US existing home sales fell again in July as prices rise from year-ago level:
