The Equity Premium Puzzle, Intrinsic Growth & Monetary Policy An Unexpected Solution: Theory & Strategy for the Coming Jobless Age

How does the FED create money and is this good or bad for jobs? Does the FED really control interest rates or do markets? Do low interest rates stimulate growth and profits, and if so why is it a puzzle that interest rates are lower than profits?

 

WHAT IS THE EQUITY PREMIUM PUZZLE?

Economists don't know why stocks return 4-8% more than bonds, despite 20 years of puzzling over it. The author argues it is due to intrinsic & productivity growth, with inevitable anti-deflation monetary policy. The resulting see-saw between productivity and human value has dogged human progress since the dawn of agriculture and may be the sole cause of war. A focus on human value growth could produce both balance and progress.

 

WHY IS THE EQUITY PREMIUM IMPORTANT TO YOU?

Would you like to know if an investment strategy reliably returns more profit? What if all investments returned nearly the same? If home loans and government bonds had to yield high returns like Apple or Google, what then? What would the policies of the politicians you vote for really do to the economy and your job? The problem and solution to the puzzle are explained in fascinating detail. Along the way, learn how to increase your share of the present economy through investing in the equity premium, and join a new class of self-sufficient investors comprising not just 1% but 20% of us or more.