00:00    |    
Initial credits
00:06    |    
01:41    |    
Definition of economist
02:04    |    
History of equities
Quotes "The Death of Equities: How inflation is destroying the stock market," BusinessWeek
American capitalism
Annual returns on equities
Rates of return in equities
07:54    |    
Total returns protocol
09:04    |    
Average annual equity returns for the long run
Bonds and stocks
12:18    |    
Protocol for government bonds
12:43    |    
Starting point for the U.S.
13:41    |    
Five-year rolling periods
Recent five-year rolling periods
Five-year rubber band effect
19:44    |    
Ten-year rolling periods
Recent ten-year rolling periods
Ten-year rubber band effect
21:58    |    
Twenty-year rolling periods
Twenty-year rubber band effect
24:17    |    
Thirty-year rolling periods
Recent thirty-year rolling periods
26:47    |    
Government bonds: inflation-adjusted annual returns
Anomaly of recent government bond returns
30:34    |    
Inflation in the United States
32:20    |    
Long-run equity returns
33:16    |    
Economic situation of 1979
35:45    |    
Question and answer period
Do you think there is a contradiction in what Peter Schiff suggests regarding the equity market?
Austrian point of view
Long-run expectations
What's your forecast for American economy, considering the present governmental issues?
Future inflation rates
What is your opinion about the Wall Street protests? Do you think they will influence the stock market in any way?
Tea Party
Student debt bubble
Recession in 1981
Have you made any analysis using gold prices to see if they could be countercyclical?
Gold price
Gold price tracking issues
Great Moderation
Security in gold
Do you think there is any resemblance between what happened in the U.S. during the 1928-1948 era and our present situation?
Predictions of negative gains
01:03:36    |    
Final words
01:03:46    |    
Final credits




U.S. Equities: The 140-Year Record

18 de noviembre de 2011   | Vistas: 5 |   Business Capitalism Economic Crisis Economic Growth

Gene Epstein speaks about stock markets in the United States and explains the condition of the economy, focusing on how it has affected equity gains. Through a historical record of different rolling periods, since the 20th century, he describes and scrutinizes the main tendencies that have prevailed in the exchange markets. Epstein talks about the role governments play in this subject, and inquires on the impact it has had on its natural development. He also makes an investment analysis using both, bonds and equities, and describes the future of these assets. To conclude, he makes a breakdown of the characteristics of the American economic situation of 1980, and explains the differences in today's recovery tendencies.

Gene Epstein is Barron's economics editor and author of the column "Economic Beat". Previously, he was senior economist at the…


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín