This hypothesis was the force behind the creation of index funds that were designed to simply replicate the returns of major indexes without intelligent stock selection.
Rents directly or indirectly account for 29% of America's consumer-price index, so rising inflation would force the Fed to raise interest rates more swiftly, which could trigger a fall in house prices.
Some vigorous critics of 401(k) plans have argued that the plans will get better soon, thanks to the proliferation of low-cost exchange-traded index funds and new rules that force the plans to more fully disclose their costs to investors.
As the adaptation from Robyn Meredith's new book (p. 66) as well as our own Capital Hospitality Index (p. 23) underscore, globalization is a liberating force.
After closely tracking the Employment Cost Index for a quarter-century, compensation levels in the All Volunteer Force exploded over the last ten years.