Consider two economic systems.
In one, consumers work for employers to produce products and services. The employees are paid wages and salaries, and business owners earn profits. They use much of that income to purchase the goods and...
Dr. John Hussman
Dr. John Hussman is the president and principal shareholder of Hussman Strategic Advisors, the investment advisory firm that manages the Hussman Funds. He holds a Ph.D. in economics from Stanford University, and a Masters degree in education and social policy and a bachelors degree in economics from Northwestern University. Prior to managing the Hussman Funds, Dr. Hussman was a professor of economics and international finance at the University of Michigan. Dr. Hussman is also the Director of the John P. Hussman Foundation which is dedicated to providing life-changing assistance through medical research, education, and direct aid to vulnerable individuals having urgent needs or significant disabilities.
Articles by Dr. John Hussman
One of the constant refrains we hear at present is that while stocks may be richly valued on an absolute basis, they are “cheap relative to bonds.” At least one professor recently told students that valuations are meaningless because the P...
