在early expansion，一個bond yield 還在bottoming，一個不再bottoming
老師，您好，第四題，為什么利率低導致貨幣貶值
我看了別人的回答說因為pe收益高才會這樣，這不是傻子做法么，不看底層資產(chǎn)就就去投資，這不跟p2p一樣么，收益高你會把錢放里面么
10. In DeMarco’s discussion with Morgan regarding the comparison of REITs versus direct real estate as an investment, which of the following statements are most likely correct? A. Although REITs tend to act like real estate in the short run, they act like stocks in the longer run.B. Studies have shown that direct real estate investment is a good diversifier since it is not very highly correlated with equities.C. REITs are more highly correlated with direct real estate investment and less highly correlated with equities over multi-year time horizons
老師，您好，Tuoc: econometric modeling can help predict recessions well。這句話是不是也是錯的呀
第二題看不懂
第二題為什么是-（-1）
maturity. This relationship is exact if (a) the yield curve is flat and (b) the change in rates occu
第三題，為什么growth trend rate not been priced into market時，能獲得good return
為什么R2受1月估值影響？1月已經(jīng)過了，應該是真實值啊，而且到了2月也會重新評估，也不受1月估值影響啊
老師，您好，Tuoc說回歸模型可以預測recession是不是也不對呀，謝謝
老師這里說debt因為有到期所有有流進流出，這不是才提供了流動性支持嗎，而且你要想不流進流出可以買30y 50y bond呀。。。pe才是最不穩(wěn)定的吧，你外匯又個波動，這個資產(chǎn)想賣都賣不掉
老師，REITS的第四點adjusted for leverage是指剔除杠桿后嗎？
老師，這里計算出來的RP, 是不是再減去rf就可以得到資產(chǎn)的r啦？
有沒有相應的降低cap rate的練習題
程寶問答
金程問答