That is the query asked by John Cochrane in this recent draft essay ( non-PDF version right here ), in response to a current Journal of Financial Perspectives report by Robin Greenwood and David Scharfstein. Both need to be required reading for any introductory finance class. There is so a lot in these essays that 1 blog post could not hope to adequately cover the topic, so do not count on this to be anything resembling a comprehensive response.
All projections, evaluation and calculation results are estimates and depend on many variables, which includes the data and assumptions you provide, and might not reflect all your sources of revenue or expenditures. In addition, it ignores future transactions or modifications in tax laws which can not be anticipated. The reports, graphs and other evaluation are dependent upon the accuracy of the information you provided.
Every year I bake a choice of Italian Christmas cookies, place them on nice good quality vacation plates I purchased at discount retailers in the course of the year, and wrap them in cellophane and ribbon. I also add a package of vacation napkins. These gifts of really like have never failed to be appreciated. They support the recipients entertain their personal loved ones and pals with delicious, unusual homemade baking. And my daughter and I have a lot of entertaining.
Greece’s highest court has ruled that a media law pushed via parliament by the leftwing Syriza-led government is unconstitutional, raising the stakes in a dispute more …Read More