Items tagged with finance:
News & Updates:
President Trump unveils $1.5 trillion infrastructure plan; Trump FY 2019 budget calls for 2% reduction in discretionary spending after 2019.
“People who buy this morning a year from now are going to say, ‘OK, I think I’ve got a good price,’” said Faculty Affiliate Jeremy Siegel on CNBC as he discussed the recent tumble of market prices this week.
Faculty Affiliate Professor Kevin Werbach says that blockchain brings with it “a new architecture of trust,” a system where you do not deal with an intermediary person, institution or authority which could revolutionize the way businesses interact with their customers.
Still curious about blockchain? Professor Werbach further explains the technology and the Rise of Trustless Trust in his seminar, here.
Stock prices boomed this year all over the world, including the United States. It was the best year for the market since 2013. But many market-watchers say prices have probably topped off for a while.
But Wharton School finance professor Jeremy Siegel says, regardless of what the stock market has done, there’s not a lot of evidence yet that overall economic growth is increasing as much.
“I mean, I see some encouraging signs the last two quarters, these last three quarters. But I’m not ready to say that a new trend has really been established.”
Siegel also says that since the tax bill has been signed into law, the benefits of the cuts have already been priced into the market. Siegel says given the sharp partisan divide in Washington, Congress is unlikely to accomplish anything else of real economic significance. And that means 2018 is unlikely to be as good a year for stocks as 2017 has been.
St. Louis Federal Reserve Bank president James Bullard joined Faculty Affiliate Jeremy Siegel for a wide-ranging conversation about the future of interest rates, inflation, the state of the economy, overall monetary policy, the possible over-valuation of stock prices — and more — on “Behind the Markets,” on Wharton Business Radio on SiriusXM channel 111. Bullard oversees the Eighth Federal Reserve District, which includes all of Arkansas and parts of Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee.