Is the US stock market overvalued? I use Shiller's CAPE to predict the return of investing in the S&P500 index. Siegel argues that the recent fall in the share of earnings that are paid out as dividends has biased downwards predictions from the CAPE. I offer a solution to the problem of reduced...

The paper explains the trade imbalance between the USA and China (including Hongkong) and assesses discrimination by each country against the other. It notes that the USA does not discriminate significantly against goods from China and Hong Kong relative to those from other Asian LDCs (less...