Experience Stern | News & Events

Excerpt from Bloomberg -- "In an analysis of the extent to which stock and bond prices forecast a company’s future profit, Jennie Bai of the New York Fed and Thomas Philippon and Alexi Savov of New York University’s Stern School of Business said what they called financial market informativeness hasn’t increased in the past half century. Earnings surprises have grown relative to total uncertainty, they said."

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Additional coverage appeared in Bloomberg Businessweek.