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Overview The bond market is the largest securities market in the world, dwarfing stock exchanges by a wide margin in terms of trading volume and activity. A bond is an instrument of debt that functions as a loan. The bond … Continue reading
Animated Wharton School of Business finance professor Jeremy Siegel discusses P/E ratios, macroeconomics, interest rates, stock valuations, monetary policy, and business cycles. Take note of his comments on the benefits of diversification and taxes on dividends and capital gains.