This chart compares the two principal measures of corporate profits as mentioned in my previous post. The NIPA series is much more stable, b...

This model of equity valuation shares many of the features of the "Fed Model" and of Art Laffer's valuation model. It uses cor...

Here's a chart of 5-yr swap spreads vs 5-yr agency spreads (FNMA vs treasuries). Looks like most of the upward pressure on all spreads (...