Dissecting Stock Returns: Financial Engineering or Genuine Growth?
Money For the Rest of Us
The Decline of Manufacturing Workers and the Growth of the Stock Market
This chapter explores the reasons behind the decline in manufacturing workers and the simultaneous growth of the stock market. It examines the impact of financial engineering, tax rates, and other factors on stock prices, and discusses the increasing expense of stocks over time as well as the role of dividends and earnings per share growth in the overall return of US stocks.
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