Finance

Itay Goldstein of the Wharton School says stock market prices still reflect the expectation that the Federal Reserve will cut rates later this year, even with the recent selloff.

According to economists at the Penn Wharton Budget Model, President Biden’s new plan to forgive some or all student loans for 26 million Americans would cost about $84 billion over 10 years.

Benjamin Keys of the Wharton School says that shifting title insurance costs to lenders won’t solve the current problem with the mortgage market.

A 2023 study by the Wharton School found that the U.S. has about 20 years left for corrective action to fix the national debt before it hits 200% of GDP.

According to Jennifer Blouin of the Wharton School, the federal government considers carrying over corporate losses from less- to more-profitable years a nice way to help companies over bumpy times.

David Erikson of the Wharton School says that Starwood Capital’s proposed SPAC merger seems analogous to the continuation funds that many private equity funds are currently doing.

Peter Conti-Brown of the Wharton School says that the existence of the Bank Term Funding Program is an admission of failure on the part of the Federal Reserve.

Joao Gomes of the Wharton School predicts that America’s $34 trillion debt burden may upset the world’s financial markets as early as next year, assuming that a president-elect announces a raft of expensive policies.

A study by Jeremy Siegel and Jeremy Schwartz of the Wharton School found that stocks deleted from the S&P 500 outperformed their replacements on average.

Susan M. Wachter of the Wharton School says that the number of young adults still living with their parents is at historic levels due to unaffordable housing costs.