The Equity Risk Premium at 0% Interest

Plus! The China Rally, In Context; Delivery Apps; Airline Collateral; Oil Elasticity; Tech Nationalism, Tech Internationalism

In this issue:

  • The Equity Risk Premium at 0% Interest

  • The China Rally, In Context

  • Delivery Apps Dine In

  • Vanishing Airline Collateral

  • Oil Elasticity

  • Tech Nationalism, Tech Internationalism

The Equity Risk Premium at 0% Interest

Broadly speaking, there are two ways to look at the returns from equities as an asset class. The demand-side view is dividend yield plu…

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