Has the long-running bull market been a contemporary version of tulipmania? In explaining their new theory of stock valuation, the authors argue that in fact stock prices are much too low and are destined to rise dramatically in the coming years
True believers in the intrinsic worth of gold feel that the precious metal may soon be restored to its historic role as the basis for all currency, that doomsday draws near for printing-press dollars. Oddly enough, a return to the gold standard would cost the gold bugs a lot of money.
For many who love New Orleans, the changes that accompany commercial growth inspire fear—but in the meantime the city's economy stagnates and its population declines