Economy & markets

Insights, research, and analysis on breaking economic news and market trends.

Invest like a Vulcan

Chief economist’s log, stardate 62014.1

Okay, everybody, don your pointy ears. We’re going to boldly go where (I’m guessing) no investment company has gone before. We’re going to talk about how wise long-term investing is like Vulcan investing.

I’ve always … Read more

Recent Posts

Where is the market undervalued?

Municipal bonds and emerging markets have not seen the same rally as U.S. stocks and may hold a greater risk premium, Vanguard Chief Economist Joe Davis says.… Read more

Is there a gorilla in our midst?

In a famous experiment, psychologists Christopher Chabris and Daniel Simons asked people to watch a video of people playing basketball and count the number of passes. Technically, the answer is 15, but that misses the point of the experiment. … Read more

The “real-feel” unemployment rate

The current employment rate really doesn’t truly represent the amount of slack in the economy, Chief Economist Joe Davis says.… Read more

The Fed gets a new captain

The Federal Reserve is going to be led by a remarkable economist, but Janet Yellen still faces challenges. Policy will evolve, says Vanguard Chief Economist Joe Davis.… Read more

A look back before looking ahead

I learned early in my life that humility is an important virtue regardless of the endeavor. Receiving the occasional B when I had expected an A or enduring a loss when my team was a heavy favorite taught me that … Read more

Bond risk: A theory of relativity

Risk is a relative term. If someone asked you to set aside $150 a month, possibly with no return on your investment, you’d probably say, “No way!” Yet what if you knew the alternative was losing your home and all … Read more

The Fed’s “great escape”

In the great inspirational movie The Shawshank Redemption, Tim Robbins plays Andy Dufresne, a man facing seemingly impossible odds: Wrongly imprisoned for life, former banker Andy has only the books in the paltry prison library, his love of carving … Read more

The adoption of a great idea

Joe Davis and Andy Clarke collaborated on this post, the result of a conversation about research that Vanguards Investment Strategy Group has conducted on the adoption and economic impact of "great ideas."… Read more

What do you see as the next market bubble?

Vanguard Chief Economist Joe Davis explains how to spot a market bubble.… Read more

How concerned are you about inflation?

What does the future hold for inflation? Vanguard Chief Economist Joe Davis talks about which indicators to watch.… Read more

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Investments in bond funds are subject to interest rate, credit, and inflation risk.

Diversification does not ensure a profit or protect against a loss in a declining market.

Foreign investing involves additional risks including currency fluctuations and political uncertainty.

Stocks of companies in emerging markets are generally more risky than stocks of companies in developed countries.

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All investing is subject to risk, including possible loss of principal.

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