Thanks for that explanation, it's just like poetry
(I'm not a professional econometrist and my brain is too clogged up right now
for math). As far as I understand, the Jobs and Growth Tax Relief
Reconciliation Act 2003 changed the tax regime for dividends up to 2008.
Qualified dividends of d
The Gordon Growth model, from some ten-year old testimony of mine.
Plus a little more, which I essentially learned from Robin Marris.
Sorry, the drawing doesn't show up here.
Gene Coyle
The Valuation Of A Utility's Common Stock
In order to consider how a utility's concern with competit
On Sat, 29 Nov 2003 03:23:40 -0500, Michael Pollak
wrote:
>Had there been such a miracle, then some
> though not all of the
> > higher valuations would be justified; if the S&P 500
> Index is selling on
> > 20 times earnings, and productivity growth undergoes
> a secular and
> > permanent increase
I've got the 'flu, but are you serious :-)
See:
http://www2.standardandpoors.com/NASApp/cs/ContentServer?pagename=sp/Page/In
dicesBrowseMethodologyPg&l=EN&b=4&s=6&ig=48&i=56&r=1&xcd=500&f=3
There is nothing to explicate, because the math you cite is gobbledygook,
the assumptions questionable and
On Wed, 26 Nov 2003, Martin Hutchinson (author of "The Bair's Lair") was
quoted as saying:
> During the latter years of the 1995-2000 share price rocket, Greenspan
> joined with Wall Street shills in proclaiming a "productivity miracle"
> that had moved potential U.S. economic growth onto a perman
he shouldn't be worrying about productivity growth. Rather, what's important is
profitability trends...
Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine
> The Bear's Lair: Greenspan's Ponzi Scheme
> By Martin Hutchinso
The Bear's Lair: Greenspan's Ponzi Scheme
By Martin Hutchinson
UPI Business and Economics Editor
Published 11/24/2003 5:36 PM
WASHINGTON, Nov. 24 (UPI) -- A Ponzi scheme requires three things in order
to be (temporarily) successful: a massive source of outside money, a
sophisticated P
