... with expectations regarding the future net present values of these flows. Once the music stops, they are worth little. Return The Value of Stocks... ...urs fail - in knowing when to let go. Return The Myth of the Earnings Yield In American novels, well into the 1950's, one finds protagonists us... ...all but impossible. There is no telling what were the contributions of drug barons, American off-shore corporations, or European and Japanese tax-ev... ...d the soundness of the business situation when the speculative markets went on the rocks.'' Compare this to Alan Greenspan Congressional testimony ... ... October 31 was a good day with a "vigorous, buoyant rally from bell to bell". Even Rockefeller joined the myriad buyers. Shares soared. It seemed t... ... Thus, at the end of 2006, the global financial system was comprised of three main groups of actors: traditional retail banks whose main role was d... ... the Board must "cooperate on an on-going basis" with certain accountants advisory groups. Yet, US federal government Boards do not "co- operate" -... ...distribution. Some say that excess wealth should be confiscated and redistributed. Progressive taxation and the welfare state aim to secure this o...