The strength of the stock market tells us that the real economy is worse than it has been at almost any time in the last 50 years.
Chapel Hill, N.C. – We can stop debating whether the stock market has become more disconnected from the economy. True, according to an academic study just completed by Rene Stulz, a professor of banking and monetary economics at The Ohio State University, and Frederik Schlingemann, a professor of financeRead More →