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Can we handle the truth? The 30-year golden era for the S&P 500 may have been a period of decent growth juiced by leverage

How debt played a role in the stock market's rise and why we are not yet delveraging

Author Ben Valore-Caplan, Guest Columnist September 1, 2010 at 4:05 AM
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Ben Valore-Caplan: While I would like to think that stock market growth during those nearly 30 years was primarily due to productivity gains, I think that much of the growth was due to the massive increase in our country’s leverage.

Ben Valore-Caplan



Mentioned in this article:

Syntrinsic Investment Counsel, LLC
RIA Serving Endowments/Foundations
Top Executive: Ben Valore-Caplan, Managing Partner



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