(Bloomberg Markets) In November a curious paper dropped on SSRN, an online hub widely used by economists to circulate their work. The paper’s authors are two of the most important figures in academic finance: Kenneth French, of Dartmouth College’s Tuck School of Business, and Eugene Fama, a Nobel Prize-winning economist from the University of Chicago. The article itself seems modest, reading like a technical footnote to research the duo published 30 years ago, about stock market returns.Most
Unemployment remained at 3.7% in January for the third consecutive month, according to the U.S. Bureau of Labor Statistics. But if you ask DoubleLine Capital CEO Jeffrey Gundlach, known as the "Bond King," the data is "hard to believe." His doubt stems from a discrepancy between state and federal unemployment data. Over the past six months, 88% of states have reported a rise in unemployment. Don't Miss: Harvard-founded AI startup is solving paywalls, growing 5x yearly and looking for new shareho
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