The “Fed Model” is Complete Bunk!

Erik Kobayashi-Solomon

February 12, 2016

Clifford Asness’ 2003 paper on the Fed Model is one of the very best, most practical Capital Markets pieces we have seen for someone who is trying to become a better investor.  It has tremendous educational quality.  The subject is one that many of you have likely heard hotly debated on CNBC or Bloomberg, “does …

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