Word: assets
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...share of stock-or a bond, a house, a stand of timber or any other asset-is worth the following: the future income one hopes to receive from it minus a haircut for the risk that things won't turn out as expected...
...these worrywarts was Alan Greenspan-a man not known for his gloominess (or his intelligibility). In August 2005, when he was still Federal Reserve chairman, Greenspan attributed what he called "lowered risk premiums" to the economic stability of the previous decade and said higher asset prices might reflect "the increased flexibility and resilience of our economy." But he warned that investors could turn cautious at any moment and that "history has not dealt kindly with the aftermath of protracted periods of low risk premiums...
...share of stock -- or a bond, a house, a stand of timber or any other asset--is worth the following: the future income one hopes to receive from it minus a haircut for the risk that things won't turn out as expected...
...these worrywarts was Alan Greenspan--a man not known for his gloominess (or his intelligibility). In August 2005, when he was still Federal Reserve chairman, Greenspan attributed what he called "lowered risk premiums" to the economic stability of the previous decade and said higher asset prices might reflect "the increased flexibility and resilience of our economy." But he warned that investors could turn cautious at any moment and that "history has not dealt kindly with the aftermath of protracted periods of low risk premiums...
...Noorzai case is a perfect example of this Administration's botched war on terrorism and the Drug Enforcement Administration's handling of the incredibly stupid war on drugs. Haji Bashar Noorzai could have been a real asset in rooting out the Taliban. Intelligence on the ground is a most valuable resource. Has Noorzai's arrest really made a difference in heroin production? U.S. taxpayers are now going to have to spend millions to prosecute and detain him. The U.S. could wipe out the drug trade tomorrow through legalization and taxation, which would take away the enormous profits earned in illicit...