The Real Earnings Yield on the S&P Composite Is Now 7%/Year
59 minutes ago
the blog of Daniel Kuehn
"Facts are stubborn things;
and whatever may be our wishes,
our inclinations, or the dictates
of our passion, they cannot alter
the state of facts and evidence."
- John Adams
"When the facts change I change my mind.
What do you do, sir?
- John Maynard Keynes
Daniel Kuehn is a doctoral candidate in economics at American University. He has a master's degree in public policy from George Washington University.
Evan, his brother, occasionally blogs on F&OST, but can usually be found here.
I was in Frankfurt, Berlin & Prague recently. Both Berlin & Frankfurt, especially Berlin, has large number of beggars ( mostly Roma ). They come and ask you if you speak English, and if you say no, they will ask if you speak German. They have some things to peddle or a sob story to tell. They are very aggressive. However, expelling them from the country is not the right thing to do.
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