Joe Davis

Joe Davis

Joe Davis, Ph.D., is Vanguard's chief economist and head of Vanguard Investment Strategy Group, whose research team is responsible for helping to oversee Vanguard's investment methodologies and asset allocation strategies for both institutional and individual investors. In addition, Joe is a member of the senior portfolio management team for Vanguard Fixed Income Group, which oversees more than $500 billion in assets under management. Joe frequently presents at various investment forums and has published studies on a variety of macroeconomic and investment topics in leading academic journals. Joe earned his Ph.D. in macroeconomics and finance at Duke University.

Recent blog posts by Joe Davis

Economy & markets

Dividend-paying stocks are not bonds

A popular question from my friends is “Where do I go for income in this low-yield environment?” There isn’t an easy answer.

Here’s why: Yields on money market funds are near 0%, and long-term Treasury bond funds are yielding below … Read more

Economy & markets

Monetary policy’s sacrificial lambs

A few months ago, my wife and I opened a small savings account for our young children to help teach them the power of saving. Compound interest. All that good stuff.

We talked about taking their pennies, dimes, and birthday … Read more

Economy & markets

A pothole, not a soft patch

Every Wednesday night, my next-door neighbor and I tend to take out our garbage at about the same time. Don’t know how that happens, but we usually get to talking about the usual topics—our kids, sports, the weather. And every … Read more

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