Word: economice
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So can stocks possibly still be the best long-run investment? Somewhat surprisingly, the answer turns out to hinge on what you mean by best and what you mean by long-run. The investment part actually remains pretty cut and dried. Over the past two centuries, stocks have done dramatically...
In 1924, Smith published the results as a book called Common Stocks as Long Term Investments. It was a sensation. Smith--a businessman of no great distinction up to that point--launched a mutual-fund company on the strength of his sudden fame and got an invite from John Maynard...
A more sophisticated version of the idea that autocratic regimes can maintain power for decades would stress not just their willingness to use coercion against opponents, but also their ability to find and use safety valves that neuter forces for political unrest. Arguably, the Iranian regime itself did just that...
The interesting aspect of the Iranian case is not just that the mullahs have demonstrated that they no longer place any store on allowing the election of a reform-minded President to satisfy popular discontent. It is that the Chinese option is not open to them. China's long boom...
Still, in addition to his power over domestic and economic policy, the Iranian President is the face for the country abroad. And in that respect, a victory by Mir-Hossein Mousavi would have presented a worst-case scenario for Western efforts to curtail Iran's nuclear program, senior Administration officials...