Robert Shuler

The Equity Premium Puzzle, Intrinsic Growth & Monetary Policy an Unexpected Solution Theory & Strategy for the Coming Jobless Age Robert Shuler

DO YOU WANT TO BECOME A SELF-SUFFICIENT INVESTOR? Does the FED really control interest rates or do markets? Do low interest rates stimulate growth and profits, and if so why is it a puzzle that interest rates are lower than profits? WHAT CAN THE EQUITY PREMIUM DO FOR YOU? Economists don't know why stocks return 4-8% more than bonds, despite 20 years of puzzling over it. The author argues it is due to intrinsic & productivity growth, with inevitable anti-deflation monetary policy. The resulting see-saw between productivity and human value has dogged human progress since the dawn of agriculture and may be the sole cause of war. A focus on human value growth could produce both balance and progress. The problem and solution to the puzzle are explained in fascinating detail. Along the way, learn how to increase your share of the present economy through investing in the equity premium, and join a new class of self-sufficient investors comprising not just 1% but 20% of us or more.