With CD Yields So Low, Dividend Stocks May Be Worth the Risk

Q. What’s a good alternative to certificates of deposit in the $75,000 to $100,000 range, assuming there is one? —J.O., by email

A. If you are looking for something with similar (but not identical) risk you’ve basically got two choices. First, you can shop harder for the best CD offers. Some institutions will offer higher than average yields w…

Congratulations and Thanks to Tom Sargent and Chris Sims

The Nobel Prize committee made an excellent choice in awarding the 2011 economics prize to Tom Sargent and Chris Sims for their influential contributions to macroeconomics.One of the first papers of Tom Sargent I read was his little “Note on the Accelerationist Controversy” published 40 years ago in 1971. It showed how commonly-used statistical t…